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Misunderstanding financial crises : why we didn't see one coming

Gorton, Gary2012
Book
Gary Gorton, considered by many to be the authority on the financial crisis of our time, holds that economists fundamentally misunderstand financial crises - what they are, why they occur, and why there were none in the U.S. between 1934 and 2007. In this book, he illustrates that financial crises are inherent to the production of bank debt, which is used to conduct transactions, and that unless the government designs intelligent regulation, crises will continue.
Author:
Imprint:
New York ; Oxford : Oxford University Press, 2012.
Collation:
240 p. ; 24 cm.
Notes:
Includes bibliographical references and index.
ISBN:
9780199922901 (hbk)
Dewey class:
338.542338.542338.542GOR
Language:
English
BRN:
1088185
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