Financial Crises

Understanding the Postwar U.S. Experience

Business & Finance, Economics, Nonfiction, Social & Cultural Studies, Political Science
Cover of the book Financial Crises by M.H. Wolfson, Taylor and Francis
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Author: M.H. Wolfson ISBN: 9781315288994
Publisher: Taylor and Francis Publication: July 28, 2017
Imprint: Routledge Language: English
Author: M.H. Wolfson
ISBN: 9781315288994
Publisher: Taylor and Francis
Publication: July 28, 2017
Imprint: Routledge
Language: English

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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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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