TAILIEUCHUNG - Reading About the Financial Crisis: A 21-Book Review∗

The findings also highlight a large proportion of individuals who could benefit from initiatives designed to change their behaviour. In almost every country surveyed, at least 3 in 10 respondents exhibited fewer that 6 of the 9 positive behaviours discussed. The analysis also shows how knowledge and behaviour are associated in every country – more knowledgeable individuals are more likely to exhibit positive financial behaviour. The data holds a great deal of potential. We will continue with our analysis in order to inform the work of the INFE, focusing particularly on variations in financial literacy by key. | Reading About the Financial Crisis A 21-Book Review Andrew W. Lof This Draft January 9 2012 Abstract The recent financial crisis has generated many distinct perspectives from various quarters. In this article I review a diverse set of 21 books on the crisis 11 written by academics and 10 written by journalists and one former Treasury Secretary. No single narrative emerges from this broad and often contradictory collection of interpretations but the sheer variety of conclusions is informative and underscores the desperate need for the economics profession to establish a single set of facts from which more accurate inferences and narratives can be constructed. Prepared for the Journal of Economic Literature. I thank Zvi Bodie Jayna Cummings Janet Currie Jacob Goldfield Joe Haubrich Debbie Lucas Bob Merton Kevin Murphy and Harriet Zuckerman for helpful discussions and comments. Research support from the MIT Laboratory for Financial Engineering is gratefully acknowledged. The views and opinions expressed in this article are those of the author only and do not necessarily represent the views and opinions of MIT AlphaSimplex any of their affiliates or employees or any of the individuals acknowledged above. 1MIT Sloan School of Management 100 Main Street E62-618 Cambridge MA 02142 617 253-0920 voice alo@ e-mail and AlphaSimplex Group LLC. Contents 1 Introduction 1 2 Academic Accounts 6 3 Journalistic Accounts 22 4 Fact and Fantasy 31 1 Introduction In Akira Kurosawa s classic 1950 film Rashomon an alleged rape and a murder are described in contradictory ways by four individuals who participated in various aspects of the crime. Despite the relatively clear set of facts presented by the different narrators a woman s loss of honor and her husband s death there is nothing clear about the interpretation of those facts. At the end of the film we re left with several mutually inconsistent narratives none of which completely satisfies our need for redemption and closure. .

TAILIEUCHUNG - Chia sẻ tài liệu không giới hạn
Địa chỉ : 444 Hoang Hoa Tham, Hanoi, Viet Nam
Website : tailieuchung.com
Email : tailieuchung20@gmail.com
Tailieuchung.com là thư viện tài liệu trực tuyến, nơi chia sẽ trao đổi hàng triệu tài liệu như luận văn đồ án, sách, giáo trình, đề thi.
Chúng tôi không chịu trách nhiệm liên quan đến các vấn đề bản quyền nội dung tài liệu được thành viên tự nguyện đăng tải lên, nếu phát hiện thấy tài liệu xấu hoặc tài liệu có bản quyền xin hãy email cho chúng tôi.
Đã phát hiện trình chặn quảng cáo AdBlock
Trang web này phụ thuộc vào doanh thu từ số lần hiển thị quảng cáo để tồn tại. Vui lòng tắt trình chặn quảng cáo của bạn hoặc tạm dừng tính năng chặn quảng cáo cho trang web này.