1.

Record Nr.

UNINA9910777822503321

Autore

Allen Franklin <1956->

Titolo

Understanding financial crises [[electronic resource] /] / Franklin Allen, Douglas Gale

Pubbl/distr/stampa

Oxford, : Oxford University Press, 2007

ISBN

1-383-03912-7

1-281-14547-5

9786611145477

0-19-153072-7

1-4294-9177-9

Descrizione fisica

1 online resource (314 p.)

Collana

Clarendon lectures in finance

Classificazione

83.44

Altri autori (Persone)

GaleDouglas

Disciplina

338.542

Soggetti

Financial crises

FinancieĢˆle crises

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Contents; 1. History and institutions; 2. Time, uncertainty, and liquidity; 3. Intermediation and crises; 4. Asset markets; 5. Financial fragility; 6. Intermediation and markets; 7. Optimal regulation; 8. Money and prices; 9. Bubbles and crises; 10. Contagion; Index

Sommario/riassunto

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. - ;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 t