TY  - BOOK
AU  - Allen,Franklin
AU  - Gale,Douglas
TI  - Understanding financial crises
SN  - 9780199251414 (hbk.)
AV  - HB3722 .A357 2007
U1  - 338.5'42 
PY  - 2009///
CY  - Oxford
PB  - Oxford University Press
KW  - Financial crises
KW  - Financial contagion
KW  - Financial bubbles
KW  - Financial regulation
N1  - Clarendon lectures in finance; Includes bibliographical references and index
N2  - In this book the authors develop a theoretical approach to analyzing financial crises. Beginning with a review of the history of financial crises and providing readers with the basic economic tools needed to understand the literature, the authors construct a series of increasingly sophisticated models. Throughout, the authors guide the reader through the existing theoretical and empirical literature while also building on their own theoretical approach. The text presents the modern theory of intermediation, introduces asset markets and the causes of asset price volatility, and discusses the interaction of banks and markets. The book also deals with more specialized topics, including optimal financial regulation, bubbles and financial contagion
ER  -