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English

Hardcover • 2015 • 1. edition
By Stephen Bell, Andrew Hindmoor
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About the book
This account of the financial crisis of 2008-2009 compares banking systems in the United States and the United Kingdom to those of Canada and Australia and explains why the system imploded in the former but not the latter. Central to this analysis are differences in bankers' beliefs and incentives in different banking markets.A boom mentality and fear of being left behind by competitors drove many U.S. and British bank executives to take extraordinary risks in creating new financial products. In...Show more
Book details
ISBN
9780674743885
Publisher
Harvard University Press
Published year
2015
Language
Edition
1
Original title
Masters of the Universe, Slaves of the Market
Format
Hardcover
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