Title
Slapped By The Invisible Hand: The Panic Of 2007 (Financial Management Association Survey And Synthesis)
Delivery time: 8-12 business days (International)
Originally Written For A Conference Of The Federal Reserve, Gary Gorton'S The Panic Of 2007 Garnered Enormous Attention And Is Considered By Many To Be The Most Convincing Take On The Recent Economic Meltdown. Now, In Slapped By The Invisible Hand, Gorton Builds Upon This Seminal Work, Explaining How The Securitizedbanking System, The Nexus Of Financial Markets And Instruments Unknown To Most People, Stands At The Heart Of The Financial Crisis.Gorton Shows That The Panic Of 2007 Was Not So Different From The Panics Of 1907 Or Of 1893, Except That, In 2007, Most People Had Never Heard Of The Markets That Were Involved, Didn'T Know How They Worked, Or What Their Purposes Were. Terms Like Subprime Mortgage, Assetbacked Commercial Paper Conduit, Structured Investment Vehicle, Credit Derivative, Securitization, Or Repo Market Were Meaningless. In This Superb Volume, Gorton Makes All Of This Crystal Clear. He Shows That The Securitized Banking System Is, In Fact, A Real Banking System, Allowing Institutional Investors And Firms To Make Enormous, Shortterm Deposits. But As Any Banking System, It Was Vulnerable To A Panic. Indeed The Events Starting In August 2007 Can Best Be Understood Not As A Retail Panic Involving Individuals, But As A Wholesale Panic Involving Institutions, Where Large Financial Firms Ran On Other Financial Firms, Making The System Insolvent.An Authority On Banking Panics, Gorton Is The Ideal Person To Explain The Financial Calamity Of 2007. Indeed, As The Crisis Unfolded, He Was Working Inside An Institution That Played A Central Role In The Collapse. Thus, This Book Presents The Unparalleled And Invaluable Perspective Of A Top Scholar Who Was Also A Key Insider.
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⚠️ WARNING (California Proposition 65):
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Shipping & Returns
Shipping
We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
Returns
To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.
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Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Frequently Asked Questions
- Q: What is the main focus of 'Slapped by the Invisible Hand'? A: The book primarily focuses on the financial crisis of 2007, exploring how the securitized banking system contributed to the panic and the unawareness of many individuals regarding the complex financial markets involved.
- Q: Who is the author of this book? A: The author is Gary B. Gorton, an established authority on banking panics and a key insider during the financial crisis of 2007.
- Q: What is the format of this book? A: The book is available in hardcover format.
- Q: How many pages does 'Slapped by the Invisible Hand' have? A: The book has 232 pages.
- Q: When was 'Slapped by the Invisible Hand' published? A: It was published on March 8, 2010.
- Q: Is this book suitable for someone with no background in finance? A: Yes, Gorton explains complex financial concepts in an accessible manner, making it suitable for readers without a finance background.
- Q: Does this book provide insights into the causes of the financial crisis? A: Yes, it delves into the underlying causes and mechanisms of the financial crisis, offering a detailed analysis of the events leading up to it.
- Q: What category does this book belong to? A: The book falls under the category of Banks & Banking.
- Q: Is 'Slapped by the Invisible Hand' a scholarly work? A: Yes, it is considered a scholarly work that presents a detailed examination of the financial crisis by a respected academic in the field.
- Q: Can this book help in understanding the current financial landscape? A: Yes, it provides historical context and insights that can help readers understand the current financial landscape and its vulnerabilities.