000 01349 a2200205 4500
008 140323b2012 xxu||||| |||| 00| 0 eng d
020 _a9780199922901
082 _a338.542
_bG6M4
100 _aGorton, Gary B.
_9211961
245 _aMisunderstanding financial crises: why we don’t see them coming
_cGorton, Gary B.
260 _c2012
_bOxford University Press
_aNew York
300 _axiv, 278 p.
504 _aIncludes bibliographical references and index.
520 _aPrior 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)
650 _aEconomics
650 _aFinancial crises - United States
650 _aMonetary policy - United States
650 _aUnited States - Economic policy
942 _cBK
999 _c376270
_d376270