(Ebook) Slapped by the Invisible Hand The Panic of 2007 1st Edition by Gary B Gorton ISBN 0199734151 9780199734153

(Ebook) Slapped by the Invisible Hand The Panic of 2007 1st Edition by Gary B Gorton ISBN 0199734151 9780199734153

(Ebook) Slapped by the Invisible Hand The Panic of 2007 1st Edition by Gary B. Gorton - Ebook PDF Instant Download/Delivery: 0199734151, 9780199734153

Full download (Ebook) Slapped by the Invisible Hand The Panic of 2007 1st Edition after payment

Product details:

ISBN 10: 0199734151

ISBN 13: 9780199734153 

Author:  Gary B. Gorton 

Originally written for a conference of the Federal Reserve, Gary Gorton's "The Panic of 2007" garnered enormous attention and is considered by many to be the most convincing take on the recent economic meltdown. Now, in Slapped by the Invisible Hand, Gorton builds upon this seminal work, explaining how the securitized banking system, the nexus of financial markets and instruments unknown to most people, stands at the heart of the financial crisis. The securitized banking system is, in fact, a real banking system, allowing institutional investors and firms to make large, short-term deposits. But, as any banking system, it was vulnerable to a panic. Indeed the events starting in August 2007 can best be understood as a panic-a wholesale panic, rather than a retail panic-involving financial firms "running" on other financial firms, resulting in the system becoming insolvent. As the financial crisis unfolded, Gorton was working inside an institution that played a central role in the collapse; thus this book presents the unparalleled perspective of a top scholar who was also a central insider.

Table of contents:

1.: Introduction
2.: Slapped in the Face by the Invisible Hand: Banking and the Panic of 2007 (the Jekyll Island paper)
3.: The Panic of 2007: Part 1 (Part 1 of the Jackson Hole paper)
4.: The Panic of 2007: Part 2 (Part 2 of the Jackson Hole paper)
Appendix A: A Brief Chronology of the Events of the Panic of 2007
Appendix B: Main Structured Investment Vehicle Outcomes
5.: Bank Regulation When "Banks" and "Banking" are Not the Same
6.: A Note to Those Reading this in 2107
7.: Bibliography
8.: Notes
9.: Index

People also search for:

gary gorton slapped by the invisible hand
what is smith's invisible hand
invisible hand principle
invisible hand summary
slapped on the hand

Tags: Gary B Gorton, Slapped, Invisible, Hand, Panic, 2007