Maze of Banking :

Gorton, Gary B.

Maze of Banking : History, Theory, Crisis. - 1 online resource (690 pages)

Cover -- The Maze of Banking -- Copyright -- Dedication -- Contents -- Acknowledgments -- 1 Introduction -- Part I Bank Debt -- 2 Financial Intermediaries and Liquidity Creation -- 3 Reputation Formation in Early Bank Note Markets -- 4 Pricing Free Bank Notes -- 5 The Development of Opacity in U.S. Banking* -- PART II Banking Panics -- 6 Bank Suspension of Convertibility -- 7 Banking Panics and Business Cycles* -- 8 Clearinghouses and the Origin of Central Banking in the United States -- 9 The Joint Production of Confidence: Endogenous Regulation and Nineteenth Century Commercial-Bank Clearinghouses -- 10 Bank Panics and the Endogeneity of Central Banking -- 11 Liquidity, Efficiency, and Bank Bailouts -- Part III What Do Banks Do? -- 12 The Design of Bank Loan Contracts -- 13 Universal Banking and the Performance of German Firms* -- 14 Bank Credit Cycles -- Part IV Change in Banking -- 15 Corporate Control, Portfolio Choice, and the Decline of Banking -- 16 Banks and Loan Sales Marketing Nonmarketable Assets -- 17 Special Purpose Vehicles and Securitization* -- Part V The Crisis of 2007-2008 -- 18 Questions and Answers about the Financial Crisis* -- 19 Collateral Crises -- 20 Some Reflections on the Recent Financial Crisis -- Index.

Financial crises must be studied in the context of history. The Maze of Banking is a collection of academic papers by Gary Gorton---an expert on the financial crisis of 2007-2008---on the history and analysis of banks, banking, and financial crises spanning the past 175 years. These papers provide the framework for understanding how the financial crisis of 2007-2008 developed and what can be done to promote a stabile banking industry and prevent future economic crises.


Available electronically via the Internet.

9780190204846


Banks and banking -- History.
Banks and banking.

Electronic books.

332.1