Understanding Financial Crises (Paperback)
Language: English
Published by Oxford University Press, Oxford, 2009
- Softcover
- New

Seller: Grand Eagle Retail, Bensenville, IL, U.S.A.Grand Eagle Retail
AbeBooks seller since October 12, 2005
Condition: New
£ 31.07
Quantity: 1 available
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Paperback. 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 unnecessarilylengthening 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 financialcrises 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. Thebook also deals with more specialized topics, including optimal financial regulation, bubbles, and financial contagion. What causes a financial crisis? Can crises be anticipated or even avoided? Should governments and international institutions intervene? Based on ten years of research, the authors develop a theoretical approach to analyzing financial crises and use the latest economic theories to begin to understand the causes and consequences of financial crises. This item is printed on demand. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.…
Seller Inventory # 9780199251421
- Title
- Understanding Financial Crises (Paperback)
- Author
- Allen
- Publisher
- Oxford University Press, Oxford
- Publication year
- 2009
- Condition
- new
- Binding
- Paperback
- Language
- English
- ISBN 10
- 0199251428
- ISBN 13
- 9780199251421
- Series
- Book 1 of 4: Clarendon Lectures in Finance
"Synopsis" may belong to another edition of this title.
About the Author
Douglas Gale received his PhD in Economics from the University of Cambridge and was elected to a Junior Research Fellowship at Churchill College, Cambridge. He has taught at the London School of Economics and the University of Pennsylvania and is currently Julius Silver Professor of Economics at New York University and an Extraordinary Fellow of Churchill College, Cambridge. He has served as the co-editor of Econometrica and Economic Theory, an associate editor of the Journal of Economic Theory, the Journal of Mathematical Economics, and Research in Economics, and an advisory editor of Macroeconomic Dynamics. He became a Fellow of the Econometric Society in 1987 and is currently a Senior Fellow of the Financial Institutions Center at the Wharton School of the University of Pennsylvania. He is the author of several books and a large number of articles on economic theory and financial economics.
"About the title" may belong to another edition of this title.
Grand Eagle Retail
Bensenville, IL, U.S.A.
AbeBooks seller since October 12, 2005
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