Book description
An insightful look at how to reform our broken financial system
The financial crisis that unfolded in September 2008 transformed the
United States and world economies. As each day's headlines brought
stories of bank failures and rescues, government policies drawn and
redrawn against the backdrop of an historic Presidential election, and
solutions that seemed to be discarded almost as soon as they were
proposed, a group of thirty-three academics at New York University
Stern School of Business began tackling the hard questions behind the
headlines. Representing fields of finance, economics, and accounting,
these professors-led by Dean Thomas Cooley and Vice Dean Ingo
Walter-shaped eighteen independent policy papers that proposed
market-focused solutions to the problems within a common framework. In
December, with great urgency, they sent hand-bound copies to
Washington. Restoring Financial Stability is the culmination of
their work.
- Proposes bold, yet principled approaches-including financial
policy alternatives and specific courses of action-to deal with
this unprecedented, systemic financial crisis
- Created by the contributions of various academics from New York
University's Stern School of Business
- Provides important perspectives on both the causes of the global
financial crisis as well as proposed solutions to ensure it
doesn't happen again
- Contains detailed evaluations and analyses covering many
spectrums of the marketplace
Edited by Matthew Richardson and Viral Acharya, this reliable
resource brings together the best thinking of finance and economics
from the faculty of one of the top universities in world.
Viral V. Acharya is Professor of Finance at New
York University Stern School of Business and London Business School.
He is Academic Advisor to the Federal Reserve Banks of New York and
Philadelphia and Academic Director of the Coller Institute of Private
Equity. Professor Acharya earned a Bachelor of Technology in computer
science and engineering from the Indian Institute of Technology,
Mumbai, and a PhD in finance from NYU Stern. He lives in New York City
with his wife and son.
Matthew Richardson is the Charles E. Simon Professor of
Financial Economics and the Sidney Homer Director of the Salomon
Center for the Study of Financial Institutions at New York University
Stern School of Business. Professor Richardson received his PhD in
finance from Stanford University and his MA and BA in economics
concurrently from the University of California at Los Angeles. He
lives in New York City with his wife and three children.
