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000343521 010__ $$a  2009026403
000343521 020__ $$a9780199734153 (alk. paper)
000343521 020__ $$a0199734151 (alk. paper)
000343521 035__ $$a(OCoLC)ocn427438283
000343521 035__ $$a343521
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000343521 043__ $$an-us---
000343521 049__ $$aISEA
000343521 05000 $$aHG2491$$b.G674 2010
000343521 08200 $$a332.10973$$222
000343521 1001_ $$aGorton, Gary.
000343521 24510 $$aSlapped by the invisible hand :$$bthe panic of 2007 /$$cGary B. Gorton.
000343521 260__ $$aOxford ;$$aNew York :$$bOxford University Press,$$c2010.
000343521 300__ $$a223 p. :$$bill. ;$$c25 cm.
000343521 440_0 $$aFinancial Management Association survey and synthesis series.
000343521 504__ $$aIncludes bibliographical references and index.
000343521 5050_ $$aIntroduction -- Slapped in the face by the invisible hand : banking and the panic of 2007 -- The panic of 2007, part I -- The panic of 2007, part II -- Bank regulation when "banks" and "banking" are not the same -- A note to those reading this in 2107.
000343521 5201_ $$a"Originally written for a conference of the Federal Reserve, Gary Gorton's "The Panic of 2007" garnered enormous attention and is considered by many to be the most convincing take on the recent economic meltdown. Now,in Slapped by the Invisible Rand, Gorton builds upon this seminal work, explaining how the securitized banking system, the nexus of financial markets and instruments unknown to most people, stands at the heart of the financial crisis." "Gorton shows that the Panic of 2007 was not so different from the Panic of 1907 or 1893, except that, in 2007, most people had never heard of the markets that were involved and didn't know how they worked or what their purposes were. Terms such as "subprime mortgage." "asset-backed commercial paper conduit," "structured investment vehicle," "credit derivative," "securitization," and "repo market" were meaningless." "In this volume, Gorton makes these complicated features and their impact crystal clear. He shows that the securitized banking system is, in fact, a real banking system, allowing institutional investors and firms to make enormous short-term deposits. But as with any banking system, it was vulnerable to a panic. Indeed, the events starting in August 2007 can best be understood not as a retail panic involving individuals but as a wholesale panic involving institutions, where large financial firms "ran" on other financial firms, making the system insolvent."--BOOK JACKET.
000343521 650_0 $$aBanks and banking$$zUnited States$$xHistory$$y21st century.
000343521 650_0 $$aFinancial crises$$zUnited States$$xHistory$$y21st century.
000343521 85200 $$bgen$$hHG2491$$i.G674$$i2010
000343521 909CO $$ooai:library.usi.edu:343521$$pGLOBAL_SET
000343521 980__ $$aBIB
000343521 980__ $$aBOOK