发帖
雷达卡
Gary Gorton has been studying financial crises since his 1983 PhD thesis, "Banking Panics." The Maze of Banking contains a collection of his academic papers on the subjects of banks, banking, and financial crises. The papers in this volume span almost 175 years of U.S. banking history, from pre-U.S. Civil War private bank notes issued during the U.S. Free Banking Era (1837-1863); followed by the U.S. National Banking Era (1863-1914) before there was a central bank; through loan sales, securitization, and the financial crisis of 2007-2008. Banking changed profoundly during these 175 years, yet it did not change in fundamental ways. The forms of money changed, resulting in associated changes in the information structure of the economy. Bank debt evolved as an instrument for storing value, smoothing consumption, and transactions, but its fundamental nature did not change. In all its forms, it is vulnerable to bank runs without government intervention.
These papers provide the framework for understanding how the financial crisis of 2007-2008 developed and what can be done to promote a stabile banking industry and prevent future economic crises.
本帖隐藏的内容
Gary B. Gorton-The Maze of Banking_ History, Theory, Crisis-Oxford University Pr.pdf
(3.39 MB, 需要: 5 个论坛币)
Hardcover: 688 pages
Publisher: Oxford University Press (March 30, 2015)
Language: English
ISBN-10: 0190204834
ISBN-13: 978-0190204839
http://www.amazon.com/Maze-Banking-History-Theory-Crisis/dp/0190204834/ref=sr_1_1_twi_1?ie=UTF8&qid=1423067494&sr=8-1&keywords=The+Maze+of+Banking%3A+History%2C+Theory%2C+Crisis
京公网安备 11010802022788号
