| The Risk of Economic Crisis Contributor(s): Feldstein, Martin (Editor) |
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ISBN: 0226240916 ISBN-13: 9780226240916 Publisher: University of Chicago Press OUR PRICE: $29.70 Product Type: Paperback Published: August 1991 Annotation: In this accessible and thought-provoking volume, this author investigates the origins of financial crises in domestic capital markets. The book also contains provocative observations by senior academics and others who have played leading roles in business and government. |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - Microeconomics - Business & Economics | Development - Economic Development |
| Dewey: 338.542 |
| LCCN: 91-11736 |
| Series: National Bureau of Economic Research Conference Report |
| Physical Information: 0.64" H x 6.06" W x 8.98" (0.71 lbs) 207 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: The stunning collapse of the thrift industry, the major stock slump of 1987, rising corporate debt, wild fluctuations of currency exchange rates, and a rash of defaults on developing country debts have revived fading memories of the Great Depression and fueled fears of an impending economic crisis. Under what conditions are financial markets vulnerable to disruption and what economic consequences ensue when these markets break down? In this accessible and thought-provoking volume, Benjamin M. Friedman investigates the origins of financial crisis in domestic capital markets, Paul Krugman examines the international origins and transmission of financial and economic crises, and Lawrence H. Summers explores the transition from financial crisis to economic collapse. In the introductory essay, Martin Feldstein reviews the major financial problems of the 1980s and discusses lessons to be learned from this experience. The book also contains provocative observations by senior academics and others who have played leading roles in business and government. |
Contributor Bio(s): Feldstein, Martin: - Martin Feldstein (1939-2019) was the George F. Baker Professor of Economics at Harvard University. From 1977 to 2008 he was president and CEO of the National Bureau of Economic Research. He was chairman of President Ronald Reagan's Council of Economic Advisers from 1982 to 1984. In 2006 he was appointed to the President's Foreign Intelligence Advisory Board under George W. Bush, and in 2009 he was named to the President's Economic Recovery Advisory Board by Barack Obama. He was the editor of many books published by the University of Chicago Press. |