Misunderstanding financial crises: why we don’t see them coming Gorton, Gary B.

By:

Gorton, Gary B

Publication details: 2012 Oxford University Press New YorkDescription: xiv, 278 pISBN:

9780199922901

Subject(s):

DDC classification:

338.542 G6M4

Summary: 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)

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Item type	Current library	Collection	Call number	Status	Date due	Barcode	Item holds
Book	Ahmedabad	Non-fiction	338.542 G6M4 (Browse shelf(Opens below))	Available		178237

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Previous	338.542 B8M2 Manias, panics and crashes: a history of financial crises	338.542 C6 The commonalities of global crises: markets, communities and nostalgia	338.542 F4 Financial crises: causes, consequences, and policy responses	338.542 G6M4 Misunderstanding financial crises: why we don’t see them coming	338.542 K2E2 Easy money: the greatest ponzi scheme ever and how it threatens to destroy the global financial system

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)

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