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The key to understanding household saving is obtaining appropriate data. Dealing with differences between rich and poor households, for example, or the old and the young, require observation of a large number of households. The focus of this study is to obtain data on many households from a number of different countries and to examine them in a coherent fashion. The hope is that through these observations we can learn about the ways policies affect savings and that other differences among savers can be controlled for, instead of being blamed on "cultural differences
The Savings and Loan Crisis: Lessons from a Regulatory Failure sets the record straight about what actually happened to our banking institutions in the 1980s. As is documented by the highly respected and diverse group of former regulators, scholars and practitioners contributing to this book, the collapse of this industry was caused by a confluence of adverse economic conditions and misguided regulatory decisions. Poorly designed deposit insurance, faulty supervision, and restrictions on investments prevented savings and loans from adapting to a changing financial marketplace. Unable to use financial innovations, savings and loans could not hedge interest rate and credit risks. These factors blocked portfolio diversification and lay at the root of the crisis. The savings and loan crisis was an accident, but it was an avoidable one. Most of the factors responsible for causing and exacerbating the industry's problems were preventable, as is made clear in this volume. This book also provides an insider's view of the transformation of the financial services industry in the United States since the 1980s: how the managers and owners make decisions about product offerings and investments; how the regulators monitor performance and enforce the rules; and how Congress and the Administration influence and are influenced by the financial services industry. Lastly, it focuses attention on the lessons that should have been learned from this difficult period in the history of U.S. banking, and that should help prevent future banking crises everywhere.
Struggle to save or spend within your means? Most of us do! A Financial Diet is a great way to sort out your finances and build up a decent amount of money in order to provide a more secure future for you and your family. With sound advice on money management and how to achieve higher savings, get out of debt and invest for a profitable future, A Financial Diet gives you the knowledge to control your money instead of letting your money control you. Whether you're earning minimum wage, the average wage or mega bucks looking after the money you earn is essential to each and every one of us. Without financial knowledge of how to look after your money, it's no surprise that most of us fail to ever control our money and our spending. A Financial Diet will change your whole perspective on what you do with your money and will help you to realise that without learning how to be good with your money you will, unfortunately never have a healthy bank balance and more importantly will never have the feeling of not having to worry about money. Be money smart, start a financial diet today.
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