Special Issue on the Financial Crisis

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3. Note this erratum in the Editor's introduction: The first sentence on p. 145 should read: "Ten years after the 1991 implementation of Basel I in the United States, the Federal Reserve, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision adopted the 'Recourse Rule,' which added, to Basel I's assignment of a 20-percent risk weight to GSE-issued securities, the same risk weight for privately issued asset-backed securities, including mortgage-backed securities, that had received an AA or AAA rating from an NRSRO."

4. Copies for classroom use are available at cost (see below).

CONTENTS OF THE SPECIAL ISSUE ON THE FINANCIAL CRISIS (click here for abstracts):
*Daron Acemoglu and David Colander, et al.: Why the Economists Got It Wrong
*Viral V. Acharya and Matthew Richardson: Playing by the Basel Rules
*Amar Bhidé: A Disaster Waiting to Happen
*Jeffrey Friedman: A Crisis of Politics, Not Economics
*Steven Gjerstad and Vernon L. Smith: 1929 and 2008.
*Juliusz Jablecki and Mateusz Machaj: The Regulated Meltdown
*Joseph E. Stiglitz: Who Killed the American Economy?
*John B. Taylor: Monetary and Other Policy Errors
*Peter J. Wallison: The Government Did It
*Peter J. Wallison: Credit Default Swaps Did Not Do It
*Lawrence J. White: The Credit Rating Agencies’ Legally Protected Oligopoly

PURCHASING THE FINANCIAL CRISIS ISSUE OF CRITICAL REVIEW
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