New York, NY, Estados Unidos : Cambridge University Press, c2014.

xiii, 293 p. : il. ; 24 cm.

1. Economic crises, economic policy, and economic analysis. -- 2. Goods and services markets versus asset markets. -- Asset performance: housing and the great recession. -- 4. The great depression. -- 5. The postwar recessions. -- 6. What may have triggered the housing bubble (1997-2001)?. -- 7. The bubble bursts: subprime mortgages, derivatives, and banking collapse. -- 8. Blindsided experts. -- 9. What might be done?. -- 10. Learning from foreign economic crises: consequences, responses and policies. -- 11. Summary: what have we learned?. --

Tomado de Amazon: "Balance sheet crises, in which the prices of widely held and highly leveraged assets collapse, pose distinctive economic challenges. An understanding of their causes and consequences is only recently developing, and there is no agreement on effective policy responses. From backgrounds in experimental economics, Steven Gjerstad and Nobel laureate Vernon L. Smith examine events that led to and resulted from the recent U.S. housing bubble and collapse, as a case study in the formation and propagation of balance sheet crises. They then examine all previous downturns in the U.S. economy, including the Great Depression, and document substantive differences between the recurrent features of economic cycles and financial crises and the beliefs that public officials hold about them, especially within the Federal Reserve System. They conclude with an examination of similar events in other countries and assess alternative strategies to contain financial crises and to recover from them." --

9780521198097

Incluye referencias bibliográficas en cada capítulo, e índice.