Readership: National and international policy-makers in developed and developing countries (including at I.M.F., B.I.S., etc.). Private bankers. Academics, students and general informed public.
Edited by Stephany Griffith-Jones, University Professor Columbia University, Financial Markets Program Director, Initiative for Policy Dialogue, José Antonio Ocampo, Professor and Co-President Initiative for Policy Dialogue at Columbia University, and Joseph E. Stiglitz, Professor and Co-President Initiative for Policy Dialogue at Columbia University
"Indispensable... Readers of Time for a Visible Hand can expect to be well-informed and well-equipped after being exposed to such a wide range of thinkers and policy-makers. This publication may well take on a definitive textbook status in years to come." - Philip Ford, Journal of General Management
1: Stephany Griffith-Jones, Jose Antonio Ocampo, and Joseph E. Stiglitz: Introduction
Part I: The Crisis in the United States
2: Joseph E. Stiglitz: The Financial Crisis of 2007-2008 and its Macroeconomic Consequences
3: Gerald Caprio, Jr.: Subprime Finance: Yes, We are Still in Kansas
4: Jan Kregel: Background Considerations to a Re-regulation of the U.S. Financial System: Third time a Charm? Or Strike Three?
5: Joseph E. Stiglitz: Responding to the Crisis
Part II: Reforming Financial Regulation
6: Philip Turner: Central Banks, Liquidity and the Banking Crisis
7: Jane d'Arista and Stephany Griffith-Jones: Agenda and Criteria for Financial Regulatory Reform
8: Avinash D. Persaud: The Role of Policy and Banking Supervision in the Light of the Credit Crisis
9: C.A.E. Goodhart: How, If at All, should Credit Rating Agencies (CRAs) be Regulated?
10: Perry Mehrling: Credit Default Swaps (CDSs): The Keys to Financial Reform
11: Marion Williams: Governing the Regulatory System
Part III: Developing Country Perspectives
12: Yilmaz Akyüz: The Management of Capital Flows and Financial Vulnerability in Asia
13: Y.V. Reddy: Regulation of Financial Sector in Developing Countries: Lessons from the 2008 Financial Crisis
14: Roberto Frenkel and Martin Rapetti: Economic Development and the International Financial System
15: Fernando J. Cardim de Carvalho: The Accumulation of International Reserves as a Defense Strategy
Part IV: Reforming the Global Monetary System
16: José Antonio Ocampo: Reforming the Global Reserve System
17: Bruce Greenwald and Joseph E. Stiglitz: A Modest Proposal for International Monetary Reform