Ending Government Bailouts as We Know Them.

Front Cover -- Book Title -- Copyright -- Contents -- Preface -- Acknowledgments -- Part I - The Danger of Bailouts and Key Principles of Reform -- 1. Make Failure Tolerable - George P. Shultz -- 2. Financial Reforms to End Government Bailouts as We Know Them - Paul Volcker -- 3. Fifty Years in the Business: From Wall Street to the Treasury and Beyond - Nicholas F. Brady -- Part II - Systemic Risk in Theory and in Practice -- 4. Defining Systemic Risk Operationally - John B. Taylor -- 5. Lessons Learned from the Lehman Bankruptcy - Kimberly Anne Summe -- Part III - What Financial Firms Can Do -- 6. A Contractual Approach to Restructuring Financial Institutions - Darrell Duffie -- 7. Wind-down Plans as an Alternative to Bailouts: The Cross-Border Challenges - Richard J. Herring -- 8. Wind-down Plans, Incomplete Contracting, and Renegotiation Risk: Lessons From Tiger Woods - Joseph A. Grundfest -- Part IV - Bankruptcy versus Resolution Authority -- 9. Expanding FDIC-Style Resolution Authority - William F. Kroener III -- 10. The Kansas City Plan - Thomas M. Hoenig, Charles S. Morris, and Kenneth Spong -- 11. Chapter 11F: A Proposal for the Use of Bankruptcy to Resolve Financial Institutions - Thomas H. Jackson -- 12. Evaluating Failure Resolution Plans - Kenneth E. Scott -- A Summary of the Commentary - Johannes Stroebel -- A Conversation about Key Conclusions - George P. Shultz and John B. Taylor -- Appendix - The Financial Crisis: Causes and Lessons - Kenneth E. Scott -- About the Authors -- Index.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.