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Timothy F. Geither "Stress test : reflections on financial crises"

  • This paper is a review about the book "Stress Test: Reflections on Financial Crises" by Timothy Geithner. The book mainly discusses the policy decisions and implications of T. Geithner during his job as New York FED president and US-Treasury secretary under president Obama. The book reveals some hidden information about the decision-making process in both institutions. But it lacks a scientific foundation in order to explain the financial crisis in more detail. Hence, I think the book is less convincing than recognized in public. No doubt, Geithner crisis response deserves appreciation especially the "Stress Test". However, the overall book does not demonstrate that the response is sustainable in the long run and scientifically sound. Consequently, it is more a book on public policy and governance than economics.

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Author of HS ReutlingenHerzog, Bodo
Erschienen in:Journal of economics and political economy
Publisher:KSP Journals
Place of publication:Istanbul
Document Type:Review
Publication year:2015
Tag:cause of financial bubbles; financial crisis; regulation
Page Number:5
First Page:331
Last Page:335
DDC classes:330 Wirtschaft
Open access?:Ja
Licence (German):License Logo  Creative Commons - Namensnennung, nicht kommerziell