Wow! eBook
UNDERSTANDING FINANCIAL CRISES CLF PAPER
Author(s): Franklin ALLEN (Author)
- Publisher: Oxford University Press
- Publication Date: 2 April 2009
- Edition: 1st
- Language: English
- Print length: 320 pages
- ISBN-10: 0199251428
- ISBN-13: 9780199251421
Book Description
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.
