Understanding Financial Crises (Clarendon Lectures in Finance) by Franklin Allen

by Franklin Allen

Excellent Book

Genres: Economics, Finance

Paperback Bunko

First published March 22, 2007

Reviews

[Richard Marney · Rating 4 out of 5]

This is a book requiring an advanced undergraduate / graduate level knowledge of economics. The authors present a rigorous, micrcofoundations-based approach to address a number of topics essential to understand financial crises causes, their effects, and requisite policy focus. Readers should be prepared to take their time in digesting the material. They will not be disappointed.

[Foppe · Rating 1 out of 5]

Book that promises everything and delivers nothing. After you've finished it you're just as confused about what causes them as before you've started.. The idea being, presumably, that economics is really mysterious and should therefore be explained badly, with every event only being analyzed after it's been stripped of its context (==stuff of which they don't understand how to model it and which is therefore ignored entirely). Ignoring reality except insofar as you can model it (using neat little models of singular interactions between 2 actors) is not doing science, however.

[Ali]

You need to know how financial crises are formed and how to stop them.