The Maze of Banking: History, Theory, Crisis by Gary B. Gorton
English | 16 Apr. 2015 | ISBN: 0190204834 | 690 Pages | PDF | 3 MB
English | 16 Apr. 2015 | ISBN: 0190204834 | 690 Pages | PDF | 3 MB
Financial crises are devastating in human and economic terms. To avoid the next one, it is important to understand the recent financial crisis of 2007-2008 and the financial eras which preceded it.
Gary Gorton has been studying financial crises since his 1983 PhD thesis, "Banking Panics." The Maze of Banking contains a collection of his academic papers on the subjects of banks, banking, and financial crises. The papers in this volume span almost 175 years of U.S. banking history, from pre-U.S. Civil War private bank notes issued during the U.S. Free Banking Era (1837-1863);