Banking Crises (eBook)

Asa Briggs Charles. A. E. Goodhart Charles W. Calomiris Markus K. Brunnermeier Charles P. Kindleberger Kristin J. Forbes The Statesman's Yearbook team Joel Shapiro Graciela Laura Kaminsky Craig Burnside, Martin Eichenbaum and Sergio Rebelo Daniel Gros and Cinzia Alcidi Donald. D. Hester Nicos Christodoulakis Peter Temin Satyajit Chatterjee and P. Dean Corbae Brett House, David Vines and W. Max Corden Peter Temin Daniel Friedman Thomas J. Fitzpatrick IV and James B. Thomson Gauti B. Eggertsson L. Randall Wray J. Ashworth C. A. E. Goodhart Tobias Adrian and Adam B. Ashcraft Hans-Joachim Voth Christopher L. Foote and Paul S. Willen Peter Garber Dario Focarelli and Alberto Franco Pozzolo Lawrence H. Officer Stanley W. Black Michael D. Bordo Price V. Fishback Miguel A. Iraola and Manuel S. Santos

Cover 1
Contents 6
List of Figures 8
List of Tables 10
Preface 11
List of Contributors 14
Bagehot, Walter (1826–1877) 16
Bank of England 20
banking crises 33
banking industry 40
bubbles 43
bubbles in history 52
capital controls 54
Credit Crunch Chronology: April 2007–September 2009 59
credit rating agencies 85
currency crises 90
currency crises models 94
euro zone crisis 2010 99
Federal Reserve System 109
gold standard 123
Greek crisis in perspective: Origins, effects and ways-out 134
Great Depression 159
Great Depression, monetary and financial forces in 169
International Monetary Fund 173
international monetary institutions 207
Kindleberger, Charles P. (1910–2003) 216
laboratory financial markets 219
Law, John (1671–1729) 226
Lehman Brothers bankruptcy, what lessons can be drawn? 228
liquidity trap 236
Minsky crisis 245
New Deal 256
quantitative easing by the major western central banks during the global financial crisis 266
Run on Northern Rock, the 286
shadow banking: a review of the literature 297
speculative bubbles 331
South Sea bubble 336
subprime mortgage crisis, the 339
tulipmania 352
Index 356