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Misunderstanding financial crises : why we don't see them coming / Gary B. Gorton.

By: Gorton, Gary.
New York : Oxford University Press, c2012Description: xiv, 278 p. : ill., map ; 25 cm.ISBN: 9780199922901 (cloth : alk. paper).Subject(s): Financial crises -- United States | Monetary policy -- United States | United States -- Economic policyGenre/Form: Print books.DDC classification: 338.5/42
Contents:
Introduction -- Creating the quiet period -- Financial crises -- Liquidity and secrets -- Credit booms and manias -- The timing of crises -- Economic theory without history -- Debt during crises -- The quiet period and its end -- Moral hazard and too-big-to-fail -- Bank capital -- Fat cats, crisis costs, and the paradox of financial crises -- The panic of 2007-2008 -- The theory and practice of seeing.
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Includes bibliographical references and index.

Introduction -- Creating the quiet period -- Financial crises -- Liquidity and secrets -- Credit booms and manias -- The timing of crises -- Economic theory without history -- Debt during crises -- The quiet period and its end -- Moral hazard and too-big-to-fail -- Bank capital -- Fat cats, crisis costs, and the paradox of financial crises -- The panic of 2007-2008 -- The theory and practice of seeing.

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