Financial Markets and Financial Crises
- List Price: $92.50
- Binding: Hardcover
- Publisher: Univ of Chicago Pr
- Publish date: 08/01/1991
Description:
Warnings of the threat of an impending financial crisis are not new, but do we really know what constitutes an actual episode of crisis and how, once begun, it can be prevented from escalating into a full-blown economic collapse? Contributors to this volume use an innovative framework to analyze financial crises and the conditions that lead to them. The authors examine episodes of breakdown in financial trade, where 'trade' refers to the way in which financial contracts, institutions, and markets allocate risk, channel funds from ultimate savers to ultimate investors in the economy, and provide information about and incentives for borrowers' performance.
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Returnable at the third party seller's discretion and may come without consumable supplements like access codes, CD's, or workbooks.
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