This book offers a critical look at prominent theories of financial crisis to try to understand how prepared the profession is for identifying the next financial crisis. An analysis of the first financial crisis of the twenty-first century serves as a starting point for rethinking the efficacy of existing economic models and theories.

Autorentext

Jill M. Hendrickson is an Associate Professor of Economics at the University of St. Thomas, USA. Previously, she held the Frank Wilson Endowed Chair of Political Economy at the University of the South, USA. Her scholarship on bank regulation, financial crises, and bank performance has been published in many journals and she is also the author of Regulation and instability in U.S. Commercial Banking: A History of Crises, which forms part of the Palgrave Macmillan Studies in Banking and Financial Institutions series.

Inhalt
PART I: THEORIES OF FINANCIAL CRISES 1. Caught Off Guard by Another Crisis 2. Theories of Financial Crises 3. Assessment of Theories PART II: FINANCIAL CRISIS IN THE US IN THE TWENTY-FIRST CENTURY 4. Prologue to the Crisis: 2000-2006 5. The Crisis Unfolds PART III: EVALUATING THEORIES AGAINST THE EVIDENCE 6. Using Theory to Analyze the Crisis 7. Theoretically On Guard For Crises