ENGLISH

Financial Crisis: The United States in the Early Twenty-First Century

By Jill M. Hendrickson

Book information

Publisher
Palgrave Macmillan
Year
2013
ISBN
0230368816, 9780230368811
Language
english
Format
EPUB
Filesize
2 MB (2593783 bytes)
Series
Palgrave Macmillan Studies in Banking and Financial Institutions
Pages
256\0
Time added
2015-03-05 20:05:03

Description

The 2007-2009 financial crisis caught many by surprise. When the dust began to settle, people began looking around and asking how this could have happened and why we did not see it coming. Criticism fell heavily on the economics profession because there was a feeling that the models and theories of economics had failed to properly warn and prepare us for a significant crisis. This book carefully analyses existing theories of financial crisis to determine if they are still appropriate for understanding modern financial crises. This is an important endeavour because financial crisis theory has largely been ignored for many years. Indeed, it has been almost twenty years since economists have seriously reconsidered financial crisis theory. This book fills that gap and offers insight into the current debate regarding the efficacy of economic models and theories relevant to understanding financial distress.

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