M. H. Wolfson

Financial Crises (eBook, ePUB)

Understanding the Postwar U.S. Experience

• Format: ePub

Produktbeschreibung

A survey and critique of the major theories of financial crises. This second edition covers the period from 1985 and the stock market crash of 1987, the collapse of the S&L industry, the severe problems of US commercial banks, and the increasing risks posed by junk bonds.

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Produktdetails

• Verlag: Taylor & Francis
• Seitenzahl: 284
• Erscheinungstermin: 28. Juli 2017
• Englisch
• ISBN-13: 9781315288994
• Artikelnr.: 49040827

Autorenporträt

Martin H. Wolfson teaches economics at the University of Notre Dame in South Bend, Indiana. He was formerly an economist at the Federal Reserve Board in Washington, D.C. He received the B.A. degree from Swarthmore Col-lege, and did graduate study in economics at Harvard University and The Ameri-can University, where he earned his Ph.D. He is engaged in ongoing research on developments in the financial system.

Inhaltsangabe

List of Tables
List of Figures
Preface to the Second Edition
1. Introduction
PART I. THE BUSINESS CYCLE AND FINANCIAL CRISES
2. Cyclical Theories of Financial Crises
3. Comparison of Cyclical Theories
PART II. FINANCIAL CRISES IN THE POSTWAR U.S. ECONOMY
4. The Credit Crunch of 1966
5. 1970: Penn Central
6. 1974: Franklin National
7. The Silver Crisis of 1980
8. The 1982 Crisis
9. The Legacy of 1982
10. The Collapse of Speculative Lending and Investment
PART III. UNDERSTANDING THE POSTWAR EXPERIENCE
11. A Business-Cycle Model of Financial Crises
12. Evaluating the Business-Cycle Model
13. Noncyclical Theories ofFinancial Crises
14. The Changing Financial System
Notes
Selected Bibliography
Index
About the Author