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The Risk of Economic Crisis


The stunning collapse of the thrift industry, the major stock slump of 1987, rising corporate debt, wild fluctuations of currency exchange rates, and a rash of defaults on developing country debts have revived fading memories of the Great Depression and fueled fears of an impending economic crisis. Under what conditions are financial markets vulnerable to disruption and what economic consequences ensue when these markets break down? In this accessible and thought-provoking volume, Benjamin M. Friedman investigates the ...

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The Risk of Economic Crisis
1991, University of Chicago Press, Chicago, IL

ISBN-13: 9780226240916

2nd edition

Trade paperback

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