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Social Value Of The Financial Sector, The: Too Big To Fail Or Just Too Big?

By: (Edited by) Douglas D Evanoff , (Edited by) George G Kaufman , (Edited by) Uk) Portes Richard , (Edited by) Uk) Beck Thorsten , (Edited by) Uk) Acharya Viral V

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Ksh 30,600.00

Format: Hardback or Cased Book

ISBN-10: 9814520284

ISBN-13: 9789814520287

Series: World Scientific Studies in International Economics

Publisher: World Scientific Publishing Co Pte Ltd

Imprint: World Scientific Publishing Co Pte Ltd

Country of Manufacture: GB

Country of Publication: GB

Publication Date: Dec 9th, 2013

Print length: 536 Pages

Product Classification: International finance

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As a result of the recent financial crisis, there has been significant public debate on the role of the financial sector in bringing about the "Great Depression." More generally, there has been debate about whether the current industry structure has enhanced social welfare or served a detrimental role.This book is a collection of papers presented at the conference held at the Federal Reserve Bank of Chicago, in November 2012 that examined the social value of the financial sector as currently structured. Issues evaluated include what are the perceived benefits and costs of the current financial system? How valuable have industry innovations been for society? Should regulation be used to "move" the industry in a direction thought to be more valuable for society? Should "big" banks be broken up? What are the welfare implications of the current industry structure? In the book, leading industry scholars debate these issues with a goal of influencing public policy toward the industry.

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