What were they thinking? The Federal Reserve in the run-up to the 2008 financial crisis

This article argues that historical institutionalism has bifurcated into two competing accounts: one focused on institutional stasis and the other on change. A more encompassing theory that accounts for both processes is constructed using a more detailed account of agency – one that utilises key inputs from cognitive and social psychology. This can better account for the conditions under which institutional constraint or change occurs and is used to explain the variable behaviour of bankers in the run-up to the 2008 financial crisis.

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Scoundrel or Scapegoat? A Reassessment of the Office of Thrift Supervision’s Performance Before the 2008 Financial Crisis

Administration & Society ◽

10.1177/0095399715617986 ◽

2015 ◽

Vol 50 (10) ◽

pp. 1396-1421 ◽

Cited By ~ 1

Author(s):

Justin Rex

Keyword(s):

Financial Crisis ◽

Federal Reserve ◽

Deposit Insurance ◽

The Other ◽

2008 Financial Crisis ◽

Financial Reforms ◽

The 2008 Financial Crisis ◽

Federal Deposit Insurance ◽

Do So ◽

Federal Deposit Insurance Corporation

This research attempts to determine whether Congress was justified in shutting down the Office of Thrift Supervision (OTS) in the wake of the 2008 financial crisis. I do so by comparing its performance with that of the other federal banking regulators: the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Federal Reserve. Results show that the OTS is not consistently the worst performer across a variety of measures. This finding suggests it was unfairly scapegoated and that many of the problems attributed to the OTS still remain at the other agencies, despite financial reforms in 2010.

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Do Crises Hit Female-Managed and Male-Managed Firms Differently? Evidence from the 2008 Financial Crisis

10.1596/34458 ◽

2020 ◽

Author(s):

Tanima Ahmed ◽

Silvia Muzi ◽

Kohei Ueda

Keyword(s):

Financial Crisis ◽

2008 Financial Crisis ◽

The 2008 Financial Crisis

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Mathematics without Apologies

10.23943/princeton/9780691175836.001.0001 ◽

2017 ◽

Cited By ~ 2

Author(s):

Michael Harris

Keyword(s):

Number Theory ◽

Financial Crisis ◽

Pop Culture ◽

First Century ◽

2008 Financial Crisis ◽

Dinner Party ◽

Mathematical Life ◽

Personal Experiences ◽

The 2008 Financial Crisis ◽

Guided Tour

What do pure mathematicians do, and why do they do it? Looking beyond the conventional answers, this book offers an eclectic panorama of the lives and values and hopes and fears of mathematicians in the twenty-first century, assembling material from a startlingly diverse assortment of scholarly, journalistic, and pop culture sources. Drawing on the author's personal experiences as well as the thoughts and opinions of mathematicians from Archimedes and Omar Khayyám to such contemporary giants as Alexander Grothendieck and Robert Langlands, the book reveals the charisma and romance of mathematics as well as its darker side. In this portrait of mathematics as a community united around a set of common intellectual, ethical, and existential challenges, the book touches on a wide variety of questions, such as: Are mathematicians to blame for the 2008 financial crisis? How can we talk about the ideas we were born too soon to understand? And how should you react if you are asked to explain number theory at a dinner party? The book takes readers on an unapologetic guided tour of the mathematical life, from the philosophy and sociology of mathematics to its reflections in film and popular music, with detours through the mathematical and mystical traditions of Russia, India, medieval Islam, the Bronx, and beyond.

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