Alan Greenspan is an American economist who served as the 13th chairman of the Federal Reserve from 1987 to 2006. He works as a private adviser and provides consulting for firms through his company, Greenspan Associates LLC.
The Central Bank of Ireland is Ireland's central bank, and as such part of the European System of Central Banks (ESCB) and a founder member of the European Central Bank (ECB). It is the country's financial services regulator for most categories of financial firms. It was the issuer of Irish pound banknotes and coinage until the introduction of the euro in 1999 and now provides this service for the European Central Bank.
A green economy is an economy that aims at reducing environmental risks and ecological scarcities, and that aims for sustainable development without degrading the environment. It is closely related with ecological economics, but has a more politically applied focus. The 2011 UNEP Green Economy Report argues "that to be green, an economy must not only be efficient, but also fair. Fairness implies recognizing global and country level equity dimensions, particularly in assuring a Just Transition to an economy that is low-carbon, resource efficient, and socially inclusive."
David McWilliams is an Irish economist, writer, and journalist. McWilliams initially worked as an economist with the Central Bank of Ireland, UBS bank and the Banque Nationale de Paris. Since 1999, he has been a broadcaster, writer, economic commentator and documentary-maker. He has written five books, The Pope's Children , The Generation Game, Follow the Money, The Good Room and Renaissance Nation, and written regular columns for the Irish Times and Irish Independent.
A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults. Financial crises directly result in a loss of paper wealth but do not necessarily result in significant changes in the real economy.
Financialization is a term sometimes used to describe the development of financial capitalism during the period from 1980 to present, in which debt-to-equity ratios increased and financial services accounted for an increasing share of national income relative to other sectors.
David M. Smick, Sr. is a global macroeconomic strategist, magazine publisher, best-selling author, and documentary filmmaker. He is the chairman and CEO of Johnson Smick International, a global strategic advisory firm in Washington, D.C. where he is in partnership with former Federal Reserve Vice Chairman Manuel H. Johnson. The firm provides strategic advice to a group of leading global money managers. Smick is a registered independent.
The Ascent of Money: A Financial History of the World is a 2008 book by then-Harvard professor Niall Ferguson, and an adapted television documentary for Channel 4 (UK) and PBS (US), which in 2009 won an International Emmy Award. It examines the long history of money, credit, and banking.
Timothy Franz Geithner is a former American central banker who served as the 75th United States Secretary of the Treasury under President Barack Obama from 2009 to 2013. He was the President of the Federal Reserve Bank of New York from 2003 to 2009, following service in the Clinton administration. Since March 2014, he has served as president and managing director of Warburg Pincus, a private equity firm headquartered in New York City.
Caritas in veritate is the third and last encyclical of Pope Benedict XVI, and his first social encyclical. It was signed on 29 June 2009 and was published on 7 July 2009. It was initially published in Italian, English, French, German, Polish, Portuguese, and Spanish.
Keynes: The Return of the Master is a 2009 book by economic historian Robert Skidelsky. The work discusses the economic theories and philosophy of John Maynard Keynes, and argues about their relevance to the world following the Financial crisis of 2007–2010. In contrast to the 30 years he needed to write his prize-winning biography on Keynes, the author was able to write this 240-page book in only three months.
Lords of Finance: The Bankers Who Broke the World is a nonfiction book by Liaquat Ahamed about events leading up to and culminating in the Great Depression as told through the personal histories of the heads of the Central Banks of the world's four major economies at the time: Benjamin Strong Jr. of the New York Federal Reserve, Montagu Norman of the Bank of England, Émile Moreau of the Banque de France, and Hjalmar Schacht of the Reichsbank. The text was published on January 22, 2009 by Penguin Press. The book was generally well received by critics and won the 2010 Pulitzer Prize for History. Because the book was published during the midst of the financial crisis of 2007–2010, the book subject matter was seen as very relevant to current financial events.
Many factors directly and indirectly serve as the causes of the Great Recession that started in 2008 with the US subprime mortgage crisis. The major causes of the initial subprime mortgage crisis and the following recession include lax lending standards contributing to the real-estate bubbles that have since burst; U.S. government housing policies; and limited regulation of non-depository financial institutions. Once the recession began, various responses were attempted with different degrees of success. These included fiscal policies of governments; monetary policies of central banks; measures designed to help indebted consumers refinance their mortgage debt; and inconsistent approaches used by nations to bail out troubled banking industries and private bondholders, assuming private debt burdens or socializing losses.
Financial Times Business Book of the Year Award is an annual award given to the best business book of the year as determined by the Financial Times. It aims to find the book that has "the most compelling and enjoyable insight into modern business issues". The award was established in 2005 and is worth £30,000. Beginning in 2010, five short-listed authors each receive £10,000, previously it was £5,000.
Beyond the Crash: Overcoming the first crisis of globalisation is a 2010 book by former UK prime minister Gordon Brown. The work argues that the only way to fully overcome the financial crisis of 2007–2010 is with further coordinated global action. Brown states that a shared "global compact" on jobs and growth should be central to effective action, with different regions called on in different ways to contribute to rebalancing the global economy while boosting growth. The book includes first-hand accounts of events leading to previous successful cases of international collaboration on economic affairs. There are specific suggestions about the different ways in which the world's nations and regions can help secure global growth, jobs and poverty reduction. A secondary theme of the work is that better global oversight is needed for the international financial system. Brown suggests that to function at their best, banks and markets need shared morals.
Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America is a 2010 book by American political journalist Matt Taibbi about the events that led to the financial crisis of 2008.
James G. Rickards is an American lawyer, investment banker, media commentator, and author on matters of finance and precious metals. He is the author of Currency Wars: The Making of the Next Global Crisis (2011) and six other books. He currently lives in Connecticut.
The 2007–2008 financial crisis, or Global Financial Crisis (GFC), was a severe worldwide economic crisis that occurred in the early 21st century. It was the most serious financial crisis since the Great Depression (1929). Predatory lending targeting low-income homebuyers, excessive risk-taking by global financial institutions, and the bursting of the United States housing bubble culminated in a "perfect storm".
Med Jones is an American economist. He is the president of International Institute of Management, a U.S. based research organization. His work at the institute focuses on economic, investment, and business strategies.
