Macroeconomics and Financial Crises : : Bound Together by Information Dynamics /

Macroeconomics and Financial Crises : : Bound Together by Information Dynamics / / Guillermo L. Ordoñez, Gary B. Gorton.

How financial crises are inherent features of macroeconomic dynamicsThere are no bigger disruptions in the functioning of economies than financial crises. Yet prior to the crash of 2007–2008, macroeconomics incorporated financial crises simply as bad shocks, like earthquakes, failing to consider the...

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Bibliographic Details
Superior document:Title is part of eBook package: De Gruyter EBOOK PACKAGE Business and Economics 2023 English
VerfasserIn:
Gorton, Gary B.,
Ordoñez, Guillermo L.,
Place / Publishing House:Princeton, NJ : : Princeton University Press, , [2023]
©2023
Year of Publication:2023
Language:English
Online Access:
Physical Description:1 online resource (208 p.) :; 35 b/w illus. 26 tables.
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Table of Contents:
  • Frontmatter
  • Contents
  • List of Figures
  • List of Tables
  • Preface
  • Introduction
  • 1. Crises, Credit, and Macro Facts
  • 2. Collateral and Information
  • 3. Credit Booms and Financial Crises
  • 4. Technology and Financial Crises
  • 5. The Crisis Prevention Role of Stock Markets
  • 6. The Crisis-Fighting Role of Central Banks
  • 7. Final Thoughts
  • Appendix A: Proofs
  • Appendix B: Additional Tables and Figures
  • Notes
  • Bibliography
  • Index

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