Financial markets and financial crises
Author(s)
Bibliographic Information
Financial markets and financial crises
（A National Bureau of Economic Research project report）
University of Chicago Press, 1991
Available at 61 libraries
Note
"These papers were presented at the NBER conference ... held in Key Biscayne, Florida, March 23-24, 1990"--Acknowledgments
Includes bibliographical references and indexes
Description and Table of Contents
Description
Warnings of the threat of an impending financial crisis are not new, but do we really know what constitutes an actual episode of crisis and how, once begun, it can be prevented from escalating into a full-blown economic collapse?
Using both historical and contemporary episodes of breakdowns in financial trade, contributors to this volume draw insights from theory and empirical data, from the experience of closed and open economies worldwide, and from detailed case studies. They explore the susceptibility of American corporations to economic downturns; the origins of banking panics; and the behavior of financial markets during periods of crisis. Sever papers specifically address the current thrift crisis including a detailed analysis of the over 500 FSLIC-insured thrifts in the southeast and seriously challenge the value of recent measures aimed at preventing future collapse in that industry. Government economists and policy makers, scholars of industry and banking, and many in the business community will find these timely papers an invaluable reference."
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