A01=M.H. Wolfson
Author_M.H. Wolfson
business
Business Cycle Expansion
Business Cycle Model
Business Cycle Peak
Business Loan Demand
Category=KCBM
Commercial Paper Market
credit crunch analysis
cycle
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
ESM Government Security
expansion
Federal Funds Rate
Federal Open Market Committee
Federal Reserve
Federal Reserve Board
Federal Reserve Discount Window
Federal Reserve System
financial crisis theoretical models
financial system evolution
Interest Coverage Ratio
Junk Bonds
Loan Demand
macroeconomic instability
Martin H. Wolfson
Meet Payment Commitments
Nation's Commercial Banks
Nation’s Commercial Banks
Nonfinancial Corporate
Nonfinancial Corporate Business
Nonfinancial Corporate Business Sector
Penn Square
Penn Square Bank
postwar economic shocks
Real GNP
savings and loan crisis
speculative lending risks
Thrift Institutions
West Germany
Product details
- ISBN 9780873327503
- Weight: 408g
- Dimensions: 152 x 229mm
- Publication Date: 30 Nov 1994
- Publisher: Taylor & Francis Inc
- Publication City/Country: US
- Product Form: Paperback
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This book is a survey and critique of the major theories of financial crises. The first edition built a model of crisis from an analysis of postwar financial crises in the US through the mid-1980s. The second edition continues the story from 1985 and covers the stock market crash of 1987, the collapse of the Savings and Loan industry, the severe problems of US commercial banks, and the increasing risks posed by junk bonds. A new chapter analyses the causes of increasing financial instability in the 1980s. The book's extensive charts and tables are fully revised and updated to present the latest evidence. The first edition has gained wide interest as a supplemental text.
Martin H. Wolfson teaches economics at the University of Notre Dame in South Bend, Indiana. He was formerly an economist at the Federal Reserve Board in Washington, D.C. He received the B.A. degree from Swarthmore Col-lege, and did graduate study in economics at Harvard University and The Ameri-can University, where he earned his Ph.D. He is engaged in ongoing research on developments in the financial system.
