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Chapter 10. Credit-Default Swaps and the Crisis
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Chapters in this book
- Frontmatter i
- Contents v
- Illustrations vii
- Chapter 1. Capitalism and the Crisis: Bankers, Bonuses, Ideology, and Ignorance 1
-
PART I. The Crisis in Historical Perspective
- Chapter 2. An Accident Waiting to Happen: Securities Regulation and Financial Deregulation 69
- Chapter 3. Monetary Policy, Credit Extension, and Housing Bubbles, 2008 and 1929 107
-
PART II. What Went Wrong (and What Didn’t)?
- Chapter 4. The Anatomy of a Murder: Who Killed America’s Economy? 139
- Chapter 5. Monetary Policy, Economic Policy and the Financial Crisis: An Empirical Analysis of What Went Wrong 150
- Chapter 6. Housing Initiatives and Other Policy Factors 172
- Chapter 7. How Securitization Concentrated Risk in the Financial Sector 183
- Chapter 8. A Regulated Meltdown: The Basel Rules and Banks’ Leverage 200
- Chapter 9. The Credit-Rating Agencies and the Subprime Debacle 228
- Chapter 10. Credit-Default Swaps and the Crisis 238
-
PART III. Economists, Economics, and the Financial Crisis
- Chapter 11. The Crisis of 2008: Lessons for and from Economics 251
- Chapter 12. The Financial Crisis and the Systemic Failure of the Economics Profession 262
- Afterword. The Causes of the Financial Crisis 279
- Abbreviations and Acronyms 295
- Notes 297
- References 319
- Contributors 337
- Index 343
- Acknowledgments 359
Chapters in this book
- Frontmatter i
- Contents v
- Illustrations vii
- Chapter 1. Capitalism and the Crisis: Bankers, Bonuses, Ideology, and Ignorance 1
-
PART I. The Crisis in Historical Perspective
- Chapter 2. An Accident Waiting to Happen: Securities Regulation and Financial Deregulation 69
- Chapter 3. Monetary Policy, Credit Extension, and Housing Bubbles, 2008 and 1929 107
-
PART II. What Went Wrong (and What Didn’t)?
- Chapter 4. The Anatomy of a Murder: Who Killed America’s Economy? 139
- Chapter 5. Monetary Policy, Economic Policy and the Financial Crisis: An Empirical Analysis of What Went Wrong 150
- Chapter 6. Housing Initiatives and Other Policy Factors 172
- Chapter 7. How Securitization Concentrated Risk in the Financial Sector 183
- Chapter 8. A Regulated Meltdown: The Basel Rules and Banks’ Leverage 200
- Chapter 9. The Credit-Rating Agencies and the Subprime Debacle 228
- Chapter 10. Credit-Default Swaps and the Crisis 238
-
PART III. Economists, Economics, and the Financial Crisis
- Chapter 11. The Crisis of 2008: Lessons for and from Economics 251
- Chapter 12. The Financial Crisis and the Systemic Failure of the Economics Profession 262
- Afterword. The Causes of the Financial Crisis 279
- Abbreviations and Acronyms 295
- Notes 297
- References 319
- Contributors 337
- Index 343
- Acknowledgments 359