Friday, December 07, 2007

The Anatomy of Financial Crises: Understanding Their Causes and Consequences - Knowledge@Wharton

Gee, I may have to ask Santa for this one. It looks VERY good!

The Anatomy of Financial Crises: Understanding Their Causes and Consequences - Knowledge@Wharton:
"Crises have been a feature of the financial landscape for hundreds of years. They often appear with little warning, as the sub-prime mortgage crisis of 2007 and the Asian crisis of 1997-1998 illustrate. It's not always clear what causes crises, whether they can be avoided and how their impact can be reduced. A recent book, titled Understanding Financial Crises (Oxford University Press), by Wharton finance professor Franklin Allen and Douglas Gale, a professor of economics at New York University, tackles this subject from a number of different angles"

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