Verdict on the Crash: Causes and Policy Implications
by Philip Booth, at al.
Publisher: Institute of Economic Affairs 2009
Number of pages: 104
This book challenges the myth that the recent banking crisis was caused by insufficient statutory regulation of financial markets. Though it finds that statutory regulation failed, and that market participants took more risks than they should have done, it appears that statutory regulation made matters worse rather than better.
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This book unravels the mystery of banking: what is legitimate enterprise and what is a government-backed shell game that can't last. The explanation is clear enough for anyone to follow and yet rigorous enough to be the textbook for college classes.
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