Casino Capitalism: How the Financial Crisis Came About and What Needs to be Done Now（货号TJ）赌场资本主义：金融危机是如何发生的以及现在需要做什么
欧元陷阱；汉斯维尔纳·辛恩；社会科学文献出版社；资本所得课税与资源配置；汉斯-沃纳·斯恩
￥ 219 ￥ 58.67 九五品
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作者Hans-Werner Sinn
出版社Oxford University Press
ISBN9780199588275
出版时间2010
版次1
印刷时间2010
印次1
装帧精装
开本23.8*16.2
纸张胶版纸
页数304页
定价58.67元
货号TJ0821-K013-D479
上书时间2022-09-03
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本书为英语原版，精装本，原定价58.67美元，净重740克，馆藏。【图书分类：经济 > 财政、金融 > 金融、银行 > 世界金融、银行 > 金融危机】How the Financial Crisis Came About and What Needs to be Done Now
Hans-Werner Sinn
Authoritative, accessible account of the origins of the global financial crisis
Explains how the banking system became a playground for gamblers, and points out the flaws in economic rescue packages
Highly topical subject based on thorough empirical and theoretical research
Presents a blueprint for reform of financial markets
In Casino Capitalism, Hans-Werner Sinn examines the causes of the banking crisis, points out the flaws in the economic rescue packages, and presents a master plan for the reform of financial markets. Sinn argues that the crisis came about because limited liability induced both Wall Street and Main Street to gamble with real estate properties. He meticulously describes the process of lending to American homeowners and criticizes both the process of securitizing and selling mortgage claims to the world, as well as the poor job rating agencies did in providing transparency. He argues that the American Dream has ended because the world now realizes that this dream was built on loans that are never likely to be repaid.
Sinn also asserts that the banking crisis has not yet been resolved, because the necessary write-offs of toxic assets have largely been swept under the carpet. Comparing actual worldwide write-offs with those estimated by the IMF estimates, he concludes that substantial parts, if not most, of the true losses have yet to be revealed and that the banking systems of many countries are on the brink of insolvency.
In view of this, he directs sharp criticism at the various economic rescue packages, arguing that the plans assume that banks have a liquidity problem while, in fact, they suffer from a solvency crisis. Sinn points out that the conflict between the goals of rescuing banks in the short term and inducing more prudent behaviour in the long term requires the government to help the banks, but not their shareholders, by becoming a temporary co-owner. In addition, he calls for higher equity requirements, a worldwide return to more cautious accounting methods, a ban on extremely speculative short selling, and strict regulations on conduits, hedge funds and credit default swaps.
This authoritative account provides an invaluable overview for academics, students, policymakers, politicians, and all those with an interest in the unprecedented 2008 banking crisis.
1. The world in crisis
2. Life on credit
3. Bank failures
4. Why Wall Street became a gambling casino
5. Main Street also gambled
6. Hot potatoes
7. Policy failure
8. The extent of the damage
9. Rescue attempts
10. Will the West retain its stability?
11. Ways to a better banking system
Review：
\"Sinn\'s analysis is the most readable and best (popular science) account of the financial crisis that has yet appeared.\"--Sebastian Dullien, Financial Times
About the Author：
Hans-Werner Sinn is Chair of Economics and Public Finance at the University of Munich and President of the combined Institute for Economic Research and Center for Economic Studies (CES-ifo). He has published numerous scholarly journals and books but is also a leading commentator on contemporary economic affairs in Germany and has published a number of best selling books.
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