marazzi - the violence of financial capitalism (2010)

... under the paradigm of the agency theory and the transaction costs theory as a theory of economic organization rather than as a theory of entrepreneurship. A separate line of thinking in the theory ... Regulation affects solvency and liquidity with the financial institution. Diamond and Rajan (2000) show that bank capital affects bank safety, the bank’s ability...

Ngày tải lên: 24/10/2012, 09:11

... component of many financial institutions business is making loans ã To make profits, these firms must make successful loans that are paid back in full ã The concepts of moral hazard and adverse ... after profit net Capital Equity Assets EM capital equityof dollar per assetsof amount the :Multiplier Equity the by expressed is ROE and ROA between ipRelationsh capital equity...

Ngày tải lên: 05/01/2014, 16:57

Ngày tải lên: 17/01/2014, 03:20

... important role in the restructuring of weak banks and finance companies, including through the infusion of new capital. COST OF FINANCIAL SERVICES IN ASIA An analysis of the impact of internationalization ... users of financial services in the event of a financial crisis. If some of the cost of a financial crisis are passed on to the rest...

Ngày tải lên: 27/01/2014, 12:20

... to the cri- sis of 2008, enacted over the past 25 years, make it abundantly clear that economists, elected of cials, and central bankers did not learn the lessons of the 1920s. The record of the ... Over the course of the meal I explained that I intended to publish a radical forecast for the U.S. economy. The centerpiece of my outlook was the S&L crisis...

Ngày tải lên: 21/06/2014, 08:20

... occa- sioned by the U.S. Savings & Loan crisis, the collapse of Japan Inc. after the stock market crash of 1990, the Asian crisis of the mid-1990s, the fabulous technology boom/bust cycle at the turn ... boom and bust cycles. And as a consequence they led their creators to assert, incor- rectly, that there was no theoretical justification for the visible hand o...

Ngày tải lên: 21/06/2014, 08:20

... the loan has gone bust and the bank now owns the home. But the loan was for $588,000, and the house is worth $538,000. If lots of home loans go the way of Hanna’s loan, then the total value of ... lower than the value of what is owed to them—their assets. When they subtract their liabilities from their assets, the remainder is their equity. The problem for bank...

Ngày tải lên: 21/06/2014, 08:20

... indeed shocked by the events of 2008. Shock in hand, they can argue that their sense of the way the world works is intact. Listen to speeches from representatives of the European Central Bank, the ECB, and ... to the Fed’s list of poten- tially destabilizing excesses. Why? Sadly, it was not the force of ideas that carried the day. It was the end of the Grea...

Ngày tải lên: 21/06/2014, 08:20

... gripped the United States and then became a world recession. The dynamics that precipitated the U.S. recession, the global capital markets crisis, and the worldwide downturn, are the subject of the ... thought that by the end of the year the funds rate would fall to 4 percent. Quite a few e-mails greeted me after the show, most of them critical, and one acc...

Ngày tải lên: 21/06/2014, 08:20

... a buyer and a writer of the insurance. If things go as planned, the buyer pays the insurer the premium. If things go awry, the insurer pays the buyer. Either way, one of the two parties gets the ... T HE C OST OF C APITALISM had with the rest of the financial system, the Treasury/Federal Reserve plan wiped Bear off the map and yet minimized the adverse co...

Ngày tải lên: 21/06/2014, 08:20

... and in its final stage defied the law of the conservation of mass! One Practitioners Professional Journey ã 193 banking crises, is the cost of capitalism. The last 50 years of global growth and ... brain skills. Looking through the details of the question to get to an overarching sense of the issue is at the heart of right brain thinking. Out of the Mout...

Ngày tải lên: 21/06/2014, 08:20

... sell you the bond and tell you the company is good for the money. You hold the bond, and I collect a fee. All the incentive is in place for me to get lax on my assessment of the safety of the bond, ... leading up to the crisis of 2008, many champions of free market capitalism warned about the tenuous nature of the global credit markets. Warren Buffett, the...

Ngày tải lên: 21/06/2014, 08:20

... “Growth Theory and After.” Lecture to the memory of Alfred Nobel, December 8, 1987. Tymoigne, Eric. The Minskyan System, Part I: Properties of the Minskyan Analysis and How to Theorize and Model ... Institute of Bard College, New York, June 2006. . The Minskyan System, Part II: Dynamics of the Minskyan Analy- sis and the Financial Fragility Hypothesis.” Working Pap...

Ngày tải lên: 21/06/2014, 08:20

... OR 9721 3-3 786 USA Tel: + 1-5 0 3-2 8 7-3 093 or toll-free: + 1-8 0 0-9 4 4-6 190 Fax: + 1-5 0 3-2 8 0-8 832 Email: orders@isbs.com Website: www.isbs.com â The editors and contributors severally, 2010 The editors ... an ideational meta-failure of the terms of reference that underpinned the trajectory of corporate governance and financial regulation refor...

Ngày tải lên: 01/11/2014, 13:26

... http://economistsview.typepad.com/eco nomistsview/2009/02 /the- financial- crisis-and -the- sys temic_failure _of_ academic-economics.html). Finance functions on the expectation of growing and "infinite" increases in prices of real estate ... recall that the securi- tization of prime loans in the course of the 1970s and 1980s has facilitated the expansion of not...

Ngày tải lên: 01/11/2014, 19:27