A Crash Course On Crises Macroeconomic Concepts For Run-ups Collapses And - Markus K. Brunnermeier

An Incisive Overview Of The Macroeconomics Of Financial Crisesmdash;essential Reading For Students And Policy Experts Alikewith Alarming Frequency, Modern Economies Go Through Macro-financial Crashes That Arise From The Financial Sector And Spread To The Broader Economy, Inflicting Deep And Prolonged Recessions. A Crash Course On Crises Brings Together The Latest Cutting-edge Economic Research To Identify The Seeds Of These Crashes, Reveal Their Triggers And Consequences, And Explain What Policymakers Can Do About Them.each Of The Bookrsquo;s Ten Self-contained Chapters Introduces Readers To A Key Economic Force And Provides Case Studies That Illustrate How That Force Was Dominant. Markus Brunnermeier And Ricardo Reis Show How The Run-up Phase Of A Crisis Often Occurs In Ways That Are Preventable But That May Go Unnoticed And Discuss How Debt Contracts, Banks, And A Search For Safety Can Act As Triggers And Amplifiers That Drive The Economy To Crash.