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The Risk of Economic Crisis / Martin Feldstein.
- Format:
- Book
- Series:
- Conference report (National Bureau of Economic Research)
- National Bureau of Economic Research Conference Report
- Language:
- English
- Subjects (All):
- Business cycles--Congresses.
- Business cycles.
- Economic stabilization--Congresses.
- Economic stabilization.
- Economic policy--Congresses.
- Economic policy.
- Business cycles--United States--Congresses.
- Economic stabilization--United States--Congresses.
- United States--Economic policy--1981-1993--Congresses.
- United States.
- Physical Description:
- 1 online resource (208 p.)
- Place of Publication:
- Chicago : University of Chicago Press, [2009]
- Language Note:
- English
- Summary:
- 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.
- Contents:
- Frontmatter
- Contents
- Preface
- The Risk of Economic Crisis: Introduction
- 1. The Risks of Financial Crises
- 2. International Aspects of Financial Crises
- 3. Macroeconomic Consequences of Financial Crises
- Biographies
- Contributors
- Name Index
- Subject Index
- Notes:
- Based on a special National Bureau of Economic Research conference held in Oct. 1989.
- Includes bibliographical references and indexes.
- Description based on online resource; title from PDF title page (publisher's Web site, viewed 24. Apr 2020)
- ISBN:
- 9780226240916
- 0226240916
- 9780226241838
- 0226241831
- OCLC:
- 903531530
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