Misunderstanding financial crises : why we don't see them coming / Gary B. Gorton.
By: Gorton, Gary
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Material type: 
TextPublisher: New York : Oxford University Press, c2012Bibliography: Includes bibliographical references and index.Description: xiv, 278 p. : ill., map ; 25 cm.ISBN: 9780199922901 (cloth : alk. paper); 019992290X (cloth : alk. paper).Subject(s): Financial crises -- United States | Monetary policy -- United States | United States -- Economic policyDDC classification: 338.5/42 | Item type | Current library | Collection | Call number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|---|
| Two Weeks | Davenport Library Circulating Collection | Print-Circulating | 338.542 G688 2012 (Browse shelf(Opens below)) | Available | 34284003621091 |
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Includes bibliographical references and index.
Creating the quiet period -- Financial crises -- Liquidity and secrets -- Credit booms and manias -- The timing of crises -- Economic theory without history -- Debt during crises -- The quiet period and its end -- Moral hazard and too-big-to-fail -- Bank capital -- Fat cats, crisis costs, and the paradox of financial crises -- The panic of 2007-2008 -- The theory and practice of seeing.
Before 2007, economists thought that financial crises would never happen again in the United States. The author shows how financial crises are inherent to our financial system and offers a better way for economists to think about markets. Also suggests regulations necessary to address the future threat of financial disaster.
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