4. Capitalism and Regulation: Ignorance, Heterogeneity, and Systemic Risk

Kapitel in diesem Buch

1. Frontmatter i
2. CONTENTS v
3. List of Figures and Tables vii
4. Glossary of Abbreviations and Acronyms ix
5. Introduction 1
6. 1. Bonuses, Irrationality, and Too-Bigness: The Conventional Wisdom About the Financial Crisis and Its Theoretical Implications 5
7. 2. Capital Adequacy Regulations and the Financial Crisis: Bankers' and Regulators' Errors 57
8. 3. The Interaction of Regulations and the Great Recession: Fetishizing Market Prices 86
9. 4. Capitalism and Regulation: Ignorance, Heterogeneity, and Systemic Risk 112
10. Conclusion 144
11. Appendix I. Scholarship About the Corporate-Compensation Hypothesis 157
12. Appendix II. The Basel Rules off the Balance Sheet 163
13. Notes 175
14. References 189
15. Index 201
16. Acknowledgments 211