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Financial Crises : Understanding the Postwar U.S. Experience - M. H. Wolfson

Financial Crises

Understanding the Postwar U.S. Experience

Paperback Published: 30th November 1994
ISBN: 9780873327503
Number Of Pages: 240
For Ages: 18 years old

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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.

Preface to the Second Editionp. xiii
Introductionp. 3
Cyclical Theories of Financial Crisesp. 9
Comparison of Cyclical Theoriesp. 24
The Credit Crunch of 1966p. 31
1970: Penn Centralp. 40
1974: Franklin Nationalp. 49
The Silver Crisis of 1980p. 60
The 1982 Crisisp. 76
The Legacy of 1982p. 92
The Collapse of Speculative Lending and Investmentp. 108
A Business-Cycle Model of Financial Crisesp. 143
Evaluating the Business-Cycle Modelp. 151
Noncyclical Theories of Financial Crisesp. 192
The Changing Financial Systemp. 212
Notesp. 233
Selected Bibliographyp. 253
Indexp. 259
About the Authorp. 269
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780873327503
ISBN-10: 0873327500
Audience: Tertiary; University or College
For Ages: 18 years old
Format: Paperback
Language: English
Number Of Pages: 240
Published: 30th November 1994
Country of Publication: US
Dimensions (cm): 22.66 x 15.16  x 2.18
Weight (kg): 0.43
Edition Number: 2
Edition Type: New edition