{"product_id":"understanding-financial-crises-clarendon-lectures-in-finance","title":"Understanding Financial Crises (Clarendon Lectures in Finance)","description":"\u003cp\u003eWhat causes a financial crisis? Can financial crises be anticipated or even avoided? What can be done to lessen their impact? Should governments and international institutions intervene? Or should financial crises be left to run their course? In the aftermath of the recent Asian financial crisis  many blamed international institutions  corruption  governments  and flawed macro and microeconomic policies not only for causing the crisis but also unnecessarily lengthening and deepening it.  Based on ten years of research  the authors develop a theoretical approach to analyzing financial crises. Beginning with a review of the history of financial crises and providing readers with the basic economic tools needed to understand the literature  the authors construct a series of increasingly sophisticated models. Throughout  the authors guide the reader through the existing theoretical and empirical literature while also building on their own theoretical approach. The text presents the modern theory of intermediation  introduces asset markets and the causes of asset price volatility  and discusses the interaction of banks and markets. The book also deals with more specialized topics  including optimal financial regulation  bubbles  and financial contagion.\u003c\/p\u003e","brand":"My Store","offers":[{"title":"Default Title","offer_id":44986281689141,"sku":"ByrdShop_019925141X","price":91.57,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0627\/8139\/0901\/files\/9780199251414.jpg?v=1770894377","url":"https:\/\/atxbooks.com\/products\/understanding-financial-crises-clarendon-lectures-in-finance","provider":"ATX Books","version":"1.0","type":"link"}