Crisis Economics - Part 19
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Part 19

Das, Satyajit. Traders, Guns, and Money: Knowns and Unknowns in the Dazzling World of Derivatives. Upper Saddle River, N.J.: Financial Times Press, 2006.

Dawson, Frank Griffith. The First Latin American Debt Crisis: The City of London and the 1822- 1825 Loan Bubble. New Haven, Conn.: Yale University Press, 1990.

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Desai, Padma. Financial Crises, Contagion, and Containment. Princeton, N.J.: Princeton University Press, 2003.

Diamond, Douglas W., and Philip H. Dybvig. "Bank Runs, Deposit Insurance, and Liquidity." Journal of Political Economy 91 (1983): 401-19.

Draghi, Mario. "Combating the Global Financial Crisis: The Role of International Cooperation." Hong Kong Monetary Authority Distinguished Lecture, Hong Kong, December 16, 2008. Online at http://www.bis.org/review/r081218b.pdf.

Eichengreen, Barry. "Out of the Box Thoughts about the International Financial Architecture." IMF Working Paper no. 09/116, May 2009. Online at http://www.imf.org/external/pubs/ft/wp/2009/wp09116.pdf.

____. "Sterling's Past, Dollar's Future: Historical Perspectives on Reserve Currency Compet.i.tion." Tawney Lecture delivered to the Economic History Society, Leicester, U.K. April 10, 2005. Online at http://www.econ.berkeley.edu/~eichengr/research/tawney_lecture2apr29-05.pdf.

Eichengreen, Barry, and Kevin H. O'Rourke. "A Tale of Two Depressions." A VoxEU.org Publication, September 1, 2009, and original column of April 6, 2009. Online at http://www.voxeu.org/index.php?q=node/3421.

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Felton, Andrew, and Carmen M. Reinhart, eds. The First Global Financial Crisis of the 21st Century. A VoxEU.org Publication. London: Centre for Economic Policy Research, 2008. Online at http://www.voxeu.org/index.php?q=node/4077.

____. The First Global Financial Crisis of the 21st Century: Part II June-December 2008. A VoxEU. org Publication. London: Centre for Economic Policy Research, 2009. Online at http://www.voxeu.org/index.php?q=node/3079.

Ferguson, Niall. The Ascent of Money: A Financial History of the World. New York: Penguin Press, 2008.

Fisher, Irving. "The Debt-Deflation Theory of Great Depressions." Econometrica 1 (1933): 337-57.

Fox, Justin. The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street. New York: Harper Business, 2009.

Frank, Nathaniel, and Heiko Hesse. "Financial Spillovers to Emerging Markets During the Global Financial Crisis." IMF Working Paper no. 09/104, May 2009. Online at http://imf.org/external/pubs/ft/wp/2009/wp09104.pdf.

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Geanakoplos, John. "The Leverage Cycle." Cowles Foundation Discussion Paper no. 1715, July 2009. Online at http://cowles.econ.yale.edu/P/cd/d17a/d1715.pdf.

Ghosh, Artish R., et al. "Coping with the Crisis: Policy Options for Emerging Market Countries." IMF Staff Position Note, April 23, 2009. Online at http://imf.org/external/pubs/ft/spn/2009/spn0908.pdf.

Ghosh, B. N., ed. Global Financial Crises and Reforms: Cases and Caveats. London: Routledge, 2001.

Gorton, Gary. "Banking Panics and Business Cycles." Oxford Economic Papers 40 (1988): 751-81.

____. "Slapped in the Face by the Invisible Hand: Banking and the Panic of 2007." Paper delivered at the Federal Reserve Bank of Atlanta's 2009 Financial Markets Conference "Financial Innovation and Crises," May 11-13, 2009. Online at http://www.frbatlanta.org/news/conferen/09fmc/gorton.pdf.

Gross, Daniel. Pop! Why Bubbles Are Great for the Economy. New York: Harper Business, 2007.

Haldane, Andrew G. "Rethinking the Financial Network." Speech delivered at the Financial Student a.s.sociation, Amsterdam, April 2009. Online at http://www.bankofengland.co.uk/publications/speeches/2009/speech386.pdf.

Huang, Rocco, and Lev Ratnovski. "The Dark Side of Bank Wholesale Funding." Federal Reserve Bank of Philadelphia Working Paper no. 09-3, November 2008. Online at http://www.philadelphiafed.org/research-and-data/publications/working-papers/2009/wp09-3.pdf.

Hubbard, R. Glenn, ed. Financial Markets and Financial Crises. Chicago: University of Chicago Press, 1991.

Hunter, William C., George G. Kaufman, and Michael Pomerleano, eds. a.s.set Price Bubbles: The Implications for Monetary, Regulatory, and International Policies. Cambridge, Ma.s.s.: MIT Press, 2003.

International Monetary Fund. Global Financial Stability Report: Responding to the Financial Crisis and Measuring Systemic Risk. Washington, D.C.: IMF, 2009. Online at http://www.imf.org/external/pubs/ft/gfsr/2009/01/pdf/text.pdf.

Izquierdo, Alejandro, and Ernesto Talvi. "A Stability Pact a la Maastricht for Emerging Markets." A VoxEU.org Publication, December 12, 2009. Online at http://www.voxeu.org/index.php?q=node/4360.

Jenkinson, Nigel. "Ratings in Structured Finance: What Went Wrong and What Can Be Done to Address Shortcomings?" Committee on the Global Financial System Paper no. 32, July 2008. Online at http://www.bis.org/publ/cgfs32.pdf?noframes=1.

Jorion, Philippe, and Gaiyan Zhang. "Credit Contagion from Counterparty Risk." Journal of Finance 64 (2009): 2053-87.

Kaminsky, Graciela L., and Carmen M. Reinhart. "On Crises, Contagion, and Confusion." Journal of International Economics 51 (2000): 145-68.

Kaminsky, Graciela L., Carmen M. Reinhart, and Carlos A. Vegh. "The Unholy Trinity of Financial Contagion." Journal of Economic Perspectives 17 (2003): 51-74.

Kaufman, Henry. The Road to Financial Reformation: Warnings, Consequences, Reforms. Hoboken, N.J.: John Wiley and Sons, 2009.

Keynes, John Maynard. The General Theory of Employment, Interest, and Money. New York: Harcourt, Brace, and World, 1936.

Kindleberger, Charles P. Manias, Panics, and Crashes: A History of Financial Crises. New York: Basic Books, 1978.

____. The World in Depression, 1929-1939. Berkeley: University of California Press, 1986.

Kindleberger, Charles P., and Jean-Pierre Laffargue, eds. Financial Crises: Theory, History, and Policy. Cambridge, U.K.: Cambridge University Press, 1982.

Klyuev, Vladimir, Phil de Imus, and Krishna Srinivasan. "Unconventional Choices for Unconventional Times: Credit and Quant.i.tative Easing in Advanced Economies." IMF Staff Position Note, November 4, 2009. Online at http://www.imf.org/external/pubs/ft/spn/2009/spn0927.pdf.

Knight, Frank H. Risk, Uncertainty, and Profit. Boston: Houghton Mifflin, 1921.

Krugman, Paul. "How Did Economists Get It So Wrong?" New York Times Magazine, September 2, 2009.

____. The Return of Depression Economics and the Crisis of 2008. New York: W. W. Norton, 2008.

Laeven, Luc, and Thomas Laryea. "Principles of Household Debt Restructuring." IMF Staff Position Note, June 26, 2009. Online at http://www.imf.org/external/pubs/ft/spn/2009/spn0915.pdf.

Landier, Augustin, and Kenichi Ueda. "The Economics of Debt Restructuring: Understanding the Options." IMF Staff Position Note, June 5, 2009. Online at https://www.imf.org/external/pubs/ft/spn/2009/spn0912.pdf.

Lepler, Jessica. "The Pressure of 1836: Interpreting Atlantic Bank Wars." Unpublished paper.

Lo, Andrew W., and A. Craig MacKinlay. A Non-Random Walk Down Wall Street. Princeton, N.J.: Princeton University Press, 1999.

Mackay, Charles. Memoirs of Extraordinary Popular Delusions and the Madness of Crowds. London: National Ill.u.s.trated Library, 1852.

Marichal, Carlos. A Century of Debt Crises in Latin America: From Independence to the Great Depression, 1820-1930. Princeton, N.J.: Princeton University Press, 1989.

Markwat, Thijs, Erik Kole, and d.i.c.k van Dijk. "Contagion as a Domino Effect in Global Stock Markets." Journal of Banking and Finance 33 (2009): 1996-2012.

Miller, Marcus, Paul Weller, and Lei Zhang. "Moral Hazard and the US Stock Market: a.n.a.lysing the 'Greenspan Put.' " Economic Journal 112 (2002): C171-86.

Minsky, Hyman P. Can "It" Happen Again? Essays on Instability and Finance. Armonk, N.Y.: M. E. Sharpe, 1982.

____. John Maynard Keynes. New York: Columbia University Press, 1975.

____. Stabilizing an Unstable Economy. New York: McGraw-Hill, 2008.

Mishkin, Frederic S. "Anatomy of a Financial Crisis." Journal of Evolutionary Economics 2 (1992): 115-30.

Morris, Charles R. The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash. New York: Public Affairs, 2008.

Neal, Larry D., and Marc Weidenmier. "Crises in the Global Economy from Tulips to Today: Contagion and Consequences." In Michael D. Bordo, Alan M. Taylor, and Jeffrey G. Williamson, eds., Globalization in Historical Perspective. Chicago: University of Chicago Press, 2003.

Obstfeld, Maurice, and Kenneth Rogoff. "The Unsustainable US Current Account Position Revisited." National Bureau of Economic Research Working Paper no. 10869, November 2004. Online at http://www.nber.org/papers/w10869.

Obstfeld, Maurice, Jay C. Shambaugh, and Alan M. Taylor. "Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008." National Bureau of Economic Research Working Paper no. 14826, March 2009. Online at http://www.nber.org/papers/w14826.

Papadia, Francesco. "Central Bank Operations in Response to the Financial Turmoil." Committee on the Global Financial System Paper no. 31, July 2008. Online at http://www.bis.org/publ/cgfs31.pdf?noframes=1.

Philippon, Thomas, and Ariell Reshef, "Wages and Human Capital in the U.S. Financial Industry: 1909-2006." National Bureau of Economic Research Working Paper no. 14644, January 2009. Online at http://www.nber.org/papers/w14644.

Purnanandam, Amiyatosh K. "Originate-to-Distribute Model and the Sub-Prime Mortgage Crisis." Paper presented at the American Finance a.s.sociation annual meeting, September 18, 2009, Atlanta, Georgia.

Rajan, Raghuram G. "Bankers' Pay Is Deeply Flawed." Financial Times. January 8, 2008.

____. "Has Financial Development Made the World Riskier?" National Bureau of Economic Research Working Paper no. 11728, November 2005. Online at http://www.nber.org/papers/w11728. Subsequently published as "Has Finance Made the World Riskier?" European Financial Management 12 (2006): 499-533.

Reinhart, Carmen M., and Kenneth S. Rogoff. "Growth in a Time of Debt." National Bureau of Economic Research Working Paper no. 15639, January 2010. Online at http://www.nber.org/papers/w15639.

____. "Is the 2007 US Sub-prime Financial Crisis So Different? An International Historical Comparison." American Economic Review 98 (2008): 339-44.

____. This Time Is Different: Eight Centuries of Financial Folly. Princeton, N.J.: Princeton University Press, 2009.

Richardson, Vernon J., and James F. Waegelein. "The Influence of Long-Term Performance Plans on Earnings Management and Firm Performance." Review of Quant.i.tative Finance and Accounting 18, no. 2 (March 2002): 161-83.

Ritholtz, Barry. Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy. Hoboken, N.J.: John Wiley and Sons, 2009.

Rockoff, Hugh. "Walter Bagehot and the Theory of Central Banking." In Forrest Capie and Geoffrey E. Wood, eds., Financial Crises and the World Banking System. London: Macmillan, 1986.

Rose, Andrew K., and Mark M. Spiegel. "Cross-Country Causes and Consequences of the 2008 Crisis: International Linkages and American Exposure." Centre for Economic Policy Research Discussion Paper no. 7466. Online at http://www.cepr.org/pubs/dps/DP7466.asp.

Roubini, Nouriel. "The Biggest Slump in U.S. Housing in the Last 40 Years . . . or 53 Years?" August 23, 2006. Online at http://www.roubini.com/a.n.a.lysis/38718.php.

____. "The Coming Financial Pandemic." Foreign Policy, February 19, 2009. Online at http://www.foreignpolicy.com/articles/2009/02/19/the_coming_financial_pandemic.

____. "The Rising Risk of a Systemic Financial Meltdown: The Twelve Steps to Disaster," February 5, 2008. Online at http://www.roubini.com/a.n.a.lysis/44763.php.

____. "The Risk of a U.S. Hard Landing and Implications for the Global Economy and Financial Markets." Speech at the International Monetary Fund, Washington, D.C., September 13, 2007. Online at http://www.imf.org/external/np/tr/2007/tr070913.htm.

____. "Why Central Banks Should Burst Bubbles." International Finance 9 (2006): 87-107.

____. "Why China Should Abandon Its Dollar Peg." International Finance 10 (2007): 71-89.

Roubini, Nouriel, and Christian Menegatti. "Vulnerabilities in Central and Southern Europe," June 6, 2006. Online at http://www.roubini.com/a.n.a.lysis/38622.php.

Roubini, Nouriel, Elisa Parisi-Capone, and Christian Menegatti. "Growth Differentials in the EMU: Facts and Considerations," June 1, 2007. Online at http://www.roubini.com/a.n.a.lysis/44809.php.

Roubini, Nouriel, and Brad Setser. Bailouts or Bail-Ins? Responding to Financial Crises in Emerging Economies. Washington, D.C.: Inst.i.tute for International Economics, 2004.

____. "The US as a Net Debtor: The Sustainability of the US External Imbalances," November 2004. Online at http://pages.stern.nyu.edu/~nroubini/papers/Roubini-Setser-US-External-Imbalances.pdf.

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Schularick, Moritz, and Alan M. Taylor. "Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008." National Bureau of Economic Research Working Paper no. 15512, November 2009. Online at http://www.nber.org/papers/w15512.

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Shiller, Robert J. "From Efficient Markets Theory to Behavioral Finance." Journal of Economic Perspectives 17 (2003): 83-104.

____. Irrational Exuberance. Princeton, N.J.: Princeton University Press, 2000.

____. The Subprime Solution: How Today's Global Financial Crisis Happened, and What to Do about It. Princeton, N.J.: Princeton University Press, 2008.

Shim, Ilhyock, and Goetz von Peter. "Distress Selling and a.s.set Market Feedback." Bank for International Settlements Working Paper no. 229, June 2007. Online at http://www.bis.org/publ/work229.pdf?noframes=1.

Silber, William L. When Washington Shut Down Wall Street: The Great Financial Crisis and the Origins of America's Monetary Supremacy. Princeton, N.J.: Princeton University Press, 2007.

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Sorkin, Andrew Ross. Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System from Crisis-and Themselves. New York: Viking, 2009.

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