Understanding financial crises:
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Oxford [u.a.]
Oxford Univ. Press
2007
|
| Edition: | 1. publ. |
| Series: | Clarendon lectures in finance
|
| Subjects: | |
| Links: | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=015600937&sequence=000003&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=015600937&sequence=000004&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA |
| Physical Description: | X, 303 S. graph. Darst. |
| ISBN: | 019925141X 9780199251414 |
Staff View
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Record in the Search Index
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|---|---|
| adam_text | Contents
1.
1
2
5
9
10
14
14
15
15
16
17
18
19
23
2.
2.1
2.1.1
2.1.2
2.2
2.2.1
2.2.2
2.2.3
2.2.4
2.3
2.4
3.
3.1
3.2
3.3
3.4
3.5
1.1
Introduction
1.2
Historical crises in Europe and the US
1.3
Crises and stock market crashes
1.4
Currency and twin crises
1.5
Crises in different eras
1.6
Some recent crises
1.6.1
1.6.2
1.6.3
1.6.4
management (LTCM)
1.6.5
1.7
The costs of crises
1.8
Theories of crises
1.9
Concluding remarks
viii Contents
3.6
3.7
3.8
equilibrium
3.9
3.10
4.
4.1
4.2
4.3
4.3.1
4.3.2
4.4
4.5
4.5.1
4.5.2
4.5.3
4.5.4
4.5.5
4.5.6
4.6
5.
5.1
5.2
5.2.1
uncertainty
5.2.2
5.2.3
5.2.4
5.2.5
5.2.6
5.3
5.4
6.
6.1
6.2
6.2.1
6.2.2
Contents ix
6.2.3 An alternative
6.2.4
6.2.5
markets
6.3
6.3.1
6.3.2
markets
6.4
190
191
194
199
201
204
206
209
213
213
8.
8.1
8.2
8.3
8.4
8.5
9.
9.1
9.1.1
9.1.2
9.1.3
9.1.4
9.2
9.2.1
9.2.2
9.2.3
9.2.4
9.2.5
9.3
7.
7.1
Capital regulation
7.1.1
7.1.2
7.2
Capital structure with complete markets
7.3
Regulating liquidity
7.3.1
7.3.2
7.4
Literature review
7.5
Concluding remarks
χ
10.
10.1
10.2
10.3
10.4
10.4.1
10.4.2
10.4.3
10.4.4
10.5
10.6
10.7
10.8
10.8.1
10.8.2
10.8.3
10.9
10.10
Index
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 micro-
economic 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 con¬
struct 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 inter¬
action of banks and markets. The book also
deals with more specialized topics, including
optimal financial regulation, bubbles, and
fiBârtcîal contagion.
Franklin Allen
of Finance and Professor of Economics at
the Wharton School of the University of
Pennsylvania. He has been on the faculty
since
the Wharton Financial Institutions Center.
He was formerly Vice Dean and Director of
Wharton Doctoral Programs and Executive
Editor of the Review of Financial Studies, one
of the leading academic finance journals. He
is a past President of the American Finance
Association, the Western Finance Association,
the Society for Financial Studies, and the
Financial Intermediation Research Society.
He received his doctorate from Oxford
University. Dr. Allen s main areas of interest
are corporate finance, asset pricing, financial
innovation and comparative financial systems.
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
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
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.
|
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| id | DE-604.BV022392128 |
| illustrated | Illustrated |
| indexdate | 2024-12-20T12:54:22Z |
| institution | BVB |
| isbn | 019925141X 9780199251414 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-015600937 |
| oclc_num | 255867534 |
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| physical | X, 303 S. graph. Darst. |
| publishDate | 2007 |
| publishDateSearch | 2007 |
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| publisher | Oxford Univ. Press |
| record_format | marc |
| series2 | Clarendon lectures in finance |
| spellingShingle | Allen, Franklin 1956- Gale, Douglas 1950- Understanding financial crises Financiële crises gtt Financial crises Währungskrise (DE-588)4396352-3 gnd Kapitalstruktur (DE-588)4125993-2 gnd Krise (DE-588)4033203-2 gnd Geldpolitik (DE-588)4019902-2 gnd Liquidität (DE-588)4035908-6 gnd Regulierung (DE-588)4201190-5 gnd Bankenkrise (DE-588)4209657-1 gnd Kreditmarkt (DE-588)4073788-3 gnd Finanzkrise (DE-588)7635855-0 gnd |
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| title | Understanding financial crises |
| title_auth | Understanding financial crises |
| title_exact_search | Understanding financial crises |
| title_full | Understanding financial crises Franklin Allen and Douglas Gale |
| title_fullStr | Understanding financial crises Franklin Allen and Douglas Gale |
| title_full_unstemmed | Understanding financial crises Franklin Allen and Douglas Gale |
| title_short | Understanding financial crises |
| title_sort | understanding financial crises |
| topic | Financiële crises gtt Financial crises Währungskrise (DE-588)4396352-3 gnd Kapitalstruktur (DE-588)4125993-2 gnd Krise (DE-588)4033203-2 gnd Geldpolitik (DE-588)4019902-2 gnd Liquidität (DE-588)4035908-6 gnd Regulierung (DE-588)4201190-5 gnd Bankenkrise (DE-588)4209657-1 gnd Kreditmarkt (DE-588)4073788-3 gnd Finanzkrise (DE-588)7635855-0 gnd |
| topic_facet | Financiële crises Financial crises Währungskrise Kapitalstruktur Krise Geldpolitik Liquidität Regulierung Bankenkrise Kreditmarkt Finanzkrise |
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