Financial Crises : Understanding the Postwar U.S. Experience
by
M.H. Wolfson
Book Details
Format
Paperback / Softback
ISBN-10
0873327500
ISBN-13
9780873327503
Publisher
Taylor & Francis Inc
Imprint
M.E. Sharpe
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Nov 30th, 1994
Print length
284 Pages
Weight
408 grams
Product Classification:
Monetary economicsEconomic history
Ksh 10,600.00
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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.
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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