Tectonic Shifts in Financial Markets
People, Policies, and Institutions
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Beschreibung
In this wide-ranging book, Wall Street legend Henry Kaufman recounts the events surrounding the catastrophic collapse of Lehman Brothers from his then vantage point on the board. He explains how, ironically, the Federal Reserve’s shortcomings contributed to its growing power. And he argues that Dodd-Frank – by sanctioning rather than truly addressing the too‐big‐to‐fail dilemma – squandered a rare opportunity for essential reform.
Whether sparring in print with Citicorp’s mercurial Walter Wriston, consulting with British Prime Minister Margaret Thatcher, spurning a deal with junk bond king Michael Milken, or reflecting on his long-time friend Paul Volcker, Kaufman brings readers inside post-war Wall Street. Looking ahead, he dissects major national and global trends and the likely future of credit markets, financial institutions, and leading economies.
As we search for bearings in the wake of the 2008 financial debacle, Henry Kaufman offers sage andpenetrating analysis of today’s superheated and – he argues – still‐fragile financial world.
Examines often-ignored consequences of financial concentration Challenges the notion of a “new normal” in finance and economics Explains why financial markets are becoming more volatile Analyzes the careers of key postwar figures who transformed Wall Street Chronicles key lessons from modern financial history
Autor*in
Henry Kaufman
Themen in »Tectonic Shifts in Financial Markets«
Financial markets Monetary Policy Fiscal policy Financial stability Financial instability Credit markets Financial institutions Financial crisis Economic growth Dodd‐Frank Act Financial regulation
Stimmen zu »Tectonic Shifts in Financial Markets«
“Kaufman lets us participate in his life and thoughts with clarity and passion. Anyone even vaguely interested in the recent financial history of the developed world will benefit from his insights and succinctly stated views.” (Francis H. Schott, Business Economics, Vol. 53, 2018)
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