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Autor
Shachmurove Yochanan (The City College of New York, USA)
Tytuł
A historical overview of financial crises in the United States
Źródło
Poznań University of Economics Review, 2011, vol. 11, nr 1, s. 28-47, rys., bibliogr. 22 poz.
Słowa kluczowe
Kryzys finansowy, Dług publiczny, Ceny nieruchomości, Kryzys bankowy, Polityka finansowa
Financial crisis, Public debt, Real estate prices, Banking crisis, Financial policy
Kraj/Region
Stany Zjednoczone Ameryki
United States of America (USA)
Abstrakt
One of the few constants since the United States declared its independence is the presence of frequent financial crises with similar causes. In the nineteenth century, these panics were frequent with eight occurring over the century. However, following the Second World War there was a period of relative calm, which may have led to complacency. The Savings and Loans and the current financial crises have shown that these events remain a very real threat to economic stability. I have greatly benefitted from research assistance by Zach Winston from Pennsylvania State University and Gregory Kauffman from the University of Pennsylvania. (original abstract)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka SGH im. Profesora Andrzeja Grodka
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Biblioteka Główna Uniwersytetu Ekonomicznego we Wrocławiu
Pełny tekst
Pokaż
Bibliografia
Pokaż
  1. Ahamed, L. (2009), Lords of Finance, Penguin Press, New York.
  2. Bernanke, B.S., Gertler, M., Gilchrist, S. (1999), The Financial Accelerator in a Quantitative Business Cycle Framework, Handbook of Macroeconomics vol. 1A, eds. John Taylor & Michael Woodford, North Holland, Amsterdam.
  3. Bernanke, B., James, H. (1990), The Gold Standard, Deflation and Financial Crisis in the Great Depression: an International Comparison, National Bureau of Economic Research,Working Paper, no. 3488, Cambridge, Massachusetts.
  4. Bordo, M.D. (2008), Growing up to Financial Stability, Retrieved July 20, 2010, from Economics vol. 2, p. 1-16: http://www.economics-ejournal.org/economics/journal-articles/2008-12.
  5. Bordo, M.D., Haubrich, J.G. (2010), Credit Crises, Money and Contractions: a Historical View, Journal of Monetary Economics, no. 57, p. 2-9.
  6. Calomiris, C.W., Schweikart, L. (1991), The Panic of 1857: Origins, Transmission, and Containment, The Journal of Economic History, vol. 51, no. 4, p. 807-834.
  7. Caprio, G., Klingebiel D. (2003), Episodes of Systemic and Borderline Financial Crises, Washington, D.C. Retreived July 20, 2010, from The World Bank: http://econ.worldbank.org/WBSITE/EXTERNAL/EXTDEC/EXTRESEARCH/0,,contentMDK:20699588~pagePK:64214825~piPK:64214943~theSitePK:469382,00.html.
  8. Conant, C. (1915), A History of Modern Banks of Issue With an Account of the Economic Crises of the Nineteenth Century and the Crisis, 4th ed., G.P. Putnam & Sons, New York.
  9. Friedman, M. (1990), The Crime of 1873, The Journal of Political Economy, vol, 98, no. 6, p. 1159-1194.
  10. Gorton, G. (2008), The Subprime Crisis, National Bureau of Economic Research Working Paper, no. 14398, Cambridge, Massachusetts.
  11. Klomp, J. (2010), Causes of Banking Crises Revisited, North American Journal of Economics and Finance, p. 72-87.
  12. Reinhart, C.M., Rogoff, K.S. (2008a), Is the 2007 U.s. Subprime Financial Crisis so Different? An International Historical Comparison, American Economic Review, Papers and Procedings.
  13. Reinhart, C.M., Rogoff, K.S. (2008b), This Time is Different: A Panoramic View of Eight Centuries of Financial Crises, National Bureau of Economic Research Working Paper, no. 13882, Cambridge, Massachusetts.
  14. Reinhart, C.M., Rogoff, K.S. (2009a), This Times Is Different, Princeton University Press, Princeton, New Jersey.
  15. Reinhart, C.M., Rogoff, K.S. (2009b), International Aspects of Financial-Market Imperfections: the Aftermath of Financial Crises, American Economic Review, vol. 99, no.2, p. 466-472.
  16. Reinhart, C.M., Rogoff, K.S. (2010), Growth in a Time of Debt, American Economic Review, vol. 100, no. 2, p. 573-578.
  17. Strouse, J. (2000), Morgan: American Financier, Harper Perennial, Harper Collins Publishers, New York.
  18. Summary of Dodd-Frank Wall Street Reform and Consumer Protection Act (2010), Retrieved July 14, 2010, from House Committee on Financial Services: http://financialservices.house.gov/Key_Issues/Financial_Regulatory_Reform/comprehensive_summary.pdf.
  19. Volcker R. (2010, June 25), Retrieved July 14, 2010, from New York Times: http://topics.nytimes.com/top/reference/timestopics/subjects/v/volcker_rule/index.html?inline=nyt-classifier.
  20. Warren, G.F., Pearson, F.A. (1935), Gold and Prices, Wiley.
  21. Wessel, D. (2009), In Fed We Trust, Crown Publishing Group, New York.
  22. World Development Report 2003, World Bank 2003.
Cytowane przez
Pokaż
ISSN
1643-5877
Język
eng
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