Inhaltsangabe
This book is a survey and critique of the major theories of financial crises. The first edition built a model of crisis from an analysis of postwar financial crises in the US through the mid-1980s. The second edition continues the story from 1985 and covers the stock market crash of 1987, the collapse of the Savings and Loan industry, the severe problems of US commercial banks, and the increasing risks posed by junk bonds. A new chapter analyses the causes of increasing financial instability in the 1980s. The book's extensive charts and tables are fully revised and updated to present the latest evidence. The first edition has gained wide interest as a supplemental text.
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Über die Autorin bzw. den Autor
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.
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Financial Crises : Understanding the Postwar U. S. Experience
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