EAN: 9780691221106

Bilder-Quelle: averdo

An incisive overview of the macroeconomics of financial crises—essential reading for students and policy experts alike With alarming frequency modern economies go through macro-financial crashes that arise from the financial sector and spread to the broader economy inflicting deep and prolonged recessions. A Crash Course on Crises brings together the latest cutting-edge economic research to identify the seeds of these crashes reveal their triggers and consequences and explain what policymakers can do about them. Each of the book’s ten self-contained chapters introduces readers to a key economic force and provides case studies that illustrate how that force was dominant. Markus Brunnermeier and Ricardo Reis show how the run-up phase of a crisis often occurs in ways that are preventable but that may go unnoticed and discuss how debt contracts banks and a search for safety can act as triggers and amplifiers that drive the economy to crash. Brunnermeier and Reis then explain how monetary fiscal and exchange-rate policies can respond to crises and prevent them from becoming persistent. With case studies ranging from Chile in the 1970s to the COVID-19 pandemic A Crash Course on Crises synthesizes a vast literature into ten simple accessible ideas and illuminates these concepts using novel diagrams and a clear analytical framework.

Produktinformationen zuletzt aktualisiert am
04.11.2025 um 12:05 Uhr

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