Cover of The Great Depression analogy

Mark as

The Great Depression analogy

by Michael D. Bordo

"This paper examines three areas in which analogies have been made between the interwar depression and the financial crisis of 2007 which reached a dramatic climax in September 2008 with the collapse of Lehman Brothers and the rescue of AIG: they can be labeled macro-economic, micro-economic, and geo-political. First, the paper considers the story of monetary policy failures; second, there follows an examination of the micro-economic issues concerned with bank regulation and the reorganization of banking following the failure of one or more major financial institutions and the threat of...

Buy this book Review

More by Michael D. Bordo

Cover of Aggregate price shocks and financial instability

Cover of Aggregate price shocks and financial stability

Cover of Anglo-American financial systems

Cover of A Retrospective on the Bretton Woods system

Cover of A Retrospective on the classical gold standard, 1821-1931

Cover of Canada's pioneering experience with a flexible exchange rate in the 1950s

Cover of Central Banks at a Crossroads

Cover of Credibility and the International Monetary Regime

Cover of Credibility and the International Monetary Regime

Cover of Defining Moment

Cover of Deflation in a historical perspective

Cover of Exits from recessions

Cover of Federal Reserve's Role in the Global Economy

Cover of Financial crises

Cover of Foreign capital and economic growth in the first era of globalization

Cover of France and the Breakdown of the Bretton Woods International Monetary System

Cover of Getting Global Monetary Policy on Track

Cover of Getting Monetary Policy Back on Track

Cover of Globalization in Historical Perspective

Cover of Globalization in historical perspective

Cover of Global shocks, economic growth and financial crises

Recent activity

Rate this book to see your activity here.

Comments and reviews

Please sign in to leave a comment