Why Bank Panics Matter : Cross-Disciplinary Economic Theory

Online-Ressource (XIV, 162 p. 67 illus., 58 illus. in color, online resource)

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Dedication; Preface; Contents; Chapter 1: Reality and Theory; Introduction; Historical Case: 2009 US Congress Independent Commission; Macroeconomists Divide; Science and Discipline Schools; References; Chapter 2: Empirically Grounded Theory; Introduction; History: Panic of 1857; Societal and Perceptual Space for Observing History; Explanation in a Societal Perceptual Space; References; Chapter 3: Background: Banking and Causality; Introduction; Banks and Financial Systems; Background: Cross-Disciplinary Explanation; References; Chapter 4: Dynamics of Bank Panics; Introduction

Societal Systems ModelModel of US Society Financial Speculation in the Decade Before 1857; Disequilibrium Pricing Theory; US Societal Stasis Prior Leading Up to 1857; Summary; References; Chapter 5: Control in an Economic System; Introduction; History of a Disruptive Societal Event: The 2007-2008 Global Financial Crisis; July 2007; March 2008; August 2008; September 2008; October 2008; November 2009; Analysis of the Event in a Societal Perceptual Space; Group; Action; Reason; Individual; Process; Society; Control in a Societal Socio-technical System; Control in an Organization

Control in a Self-Organizing SocietyDiscussion; References; Chapter 6: The Great Depression; Introduction; Bank Runs and the Great Depression; Bank Panics 1930-1933; History: US Stock Market Crash 1929; Societal Perceptual Space Analysis of 1929 Stock Market Crash; Bank Fragility: Process and Structure; Connection Between the Stock Market Decline and Bank Insolvency; History: US Depression 1930s; Stasis Change: US Society Before and After 1929; Results; Conclusion; References; Chapter 7: Topological Economic Theory; Introduction; History: Division in Economic Theory in 2009-2012

Neoclassical Synthesis SchoolNeo-Keynesian School; Cross-Disciplinary Model of an Economic System; Cross-Disciplinary Model of Production in an Economy; Cross-Disciplinary Model of a Financial Subsystem; Functional Connections Between Production and Financial Subsystems; Discussion; References; Chapter 8: Financial Layering; Introduction; History: 1907 Bank Panic; Perceptual Space Analysis of the 1907 Bank Panic; Financial Layering; Shadow Banking; Modern Shadow Banking; Base Bank Layer; Shadow-Bank Intermediate Layer; Modern Shadow Banking: Hedge Funds; Layered Financial Subsystem

DiscussionReferences; Chapter 9: Public Good and Private Good; Introduction; Public Good; History: US Regulatory Reforms in 1913, 1933, 1999, and 2009; 1913 Reform: US Federal Reserve System; 1933 Glass-Steagall Act; 1999 Gramm-Leach-Bliley Act; 2009: Dodd-Frank Wall Street Reform and Consumer Protection Act; Regulation and Financial Events; Public and Private Good and Ethics and Power; History: 1997-The Reform That Never Was; Power Analytics and Discourse Ethics in Regulation; References; Chapter 10: Casino Banking; Introduction; History: JPMorgan Chase 2012 Trading Loss

Perceptual Space of the Morgan 2012 Trading Loss

10.1007/978-3-319-01757-0 [DOI]

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