Misunderstanding financial crises: why we don’t see them coming
Gorton, Gary B.
Misunderstanding financial crises: why we don’t see them coming Gorton, Gary B. - New York Oxford University Press 2012 - xiv, 278 p.
Includes bibliographical references and index.
Prior to the financial crisis of 2007-2008, economists thought that no such crisis could or would ever happen again in the United States, that financial events of such magnitude were a thing of the distant past. In fact, observers of that distant past—the period from the half century prior to the Civil War up to the passage of deposit insurance during the Great Depression, which was marked by repeated financial crises—note that while legislation immediately after crises reacted to their effects, economists and policymakers continually failed to grasp the true lessons to be learned. (http://ukcatalogue.oup.com/product/9780199922901.do#.URyIY_J5eSo)
9780199922901
Economics
Financial crises - United States
Monetary policy - United States
United States - Economic policy
338.542 / G6M4
Misunderstanding financial crises: why we don’t see them coming Gorton, Gary B. - New York Oxford University Press 2012 - xiv, 278 p.
Includes bibliographical references and index.
Prior to the financial crisis of 2007-2008, economists thought that no such crisis could or would ever happen again in the United States, that financial events of such magnitude were a thing of the distant past. In fact, observers of that distant past—the period from the half century prior to the Civil War up to the passage of deposit insurance during the Great Depression, which was marked by repeated financial crises—note that while legislation immediately after crises reacted to their effects, economists and policymakers continually failed to grasp the true lessons to be learned. (http://ukcatalogue.oup.com/product/9780199922901.do#.URyIY_J5eSo)
9780199922901
Economics
Financial crises - United States
Monetary policy - United States
United States - Economic policy
338.542 / G6M4