Binding: Hardcover
Dewey Decimal Number: 338.542
EAN: 9780199251414
ISBN: 019925141X
Label: Oxford University Press, USA
Manufacturer: Oxford University Press, USA
Number Of Items: 1
Number Of Pages: 320
Publication Date: May 17, 2007
Publisher: Oxford University Press, USA
Sales Rank: 139124
Studio: Oxford University Press, USA

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Editorial Review:

Product Description:
What causes a financial crisis? Can financial crises be anticipated or even avoided? What can be done to lessen their impact? Should governments and international institutions intervene? Or should financial crises be left to run their course? In the aftermath of the recent Asian financial crisis, many blamed international institutions, corruption, governments, and flawed macro and microeconomic policies not only for causing the crisis but also unnecessarily lengthening and deepening it.
Based on ten years of research, the authors develop a theoretical approach to analyzing financial crises. Beginning with a review of the history of financial crises and providing readers with the basic economic tools needed to understand the literature, the authors construct a series of increasingly sophisticated models. Throughout, the authors guide the reader through the existing theoretical and empirical literature while also building on their own theoretical approach. The text presents the modern theory of intermediation, introduces asset markets and the causes of asset price volatility, and discusses the interaction of banks and markets. The book also deals with more specialized topics, including optimal financial regulation, bubbles, and financial contagion.




Rating: - good book for professional economists
This is a nice book if you're looking for a coherent overview of theoretical models of financial crises. Maybe less interesting to practitioners, although there are some good insights even there.

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Rating: - Heavy slugging for most readers, to pull out the insights.
Wealth Odyssey: The Essential Road Map For Your Financial Journey Where Is It You Are Really Trying To Go With Money?

Interestingly, published in 2007, the research in this work is before the US crisis which developed in late 2007 and has continued through 2008 (as of this review -- it still remains to be seen whether similar crisis will develop in other countries or regions globally). The reader may develop many insights about the many debates and points of view as to what may have ... Read More

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