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Journal of Economic Perspectives: Vol. 23 No. 1 (Winter 2009)

Symposium: Early Stages of the Credit Crunch

The Economics of Structured Finance (pp. 3-25)
Joshua Coval, Jakub Jurek and Erik Stafford
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The Rise in Mortgage Defaults (pp. 27-50)
Christopher Mayer, Karen Pence and Shane M. Sherlund
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Crisis and Responses: The Federal Reserve in the Early Stages of the Financial Crisis (pp. 51-75)
Stephen G. Cecchetti
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Deciphering the Liquidity and Credit Crunch 2007-2008 (pp. 77-100)
Markus K. Brunnermeier
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Reflections on Northern Rock: The Bank Run That Heralded the Global Financial Crisis (pp. 101-19)
Hyun Song Shin
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Symposium: Private Equity

Leveraged Buyouts and Private Equity (pp. 121-46)
Steven N. Kaplan and Per Stromberg
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Beware of Venturing into Private Equity (pp. 147-66)
Ludovic Phalippou
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Articles

Microfinance Meets the Market (pp. 167-92)
Robert Cull, Asli Asli Demirgüç-Kunt and Jonathan Morduch
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The U.S. Equity Return Premium: Past, Present, and Future (pp. 193-208)
J. Bradford DeLong and Konstantin Magin
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Features

Markets: Red Light States: Who Buys Online Adult Entertainment? (pp. 209-20)
Benjamin Edelman
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Retrospectives: On the Definition of Economics (pp. 221-33)
Roger E. Backhouse and Steven G. Medema
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Recommendations for Further Reading (pp. 235-42)
Timothy Taylor
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Comments: Ramesh Ramankutty; Erik Berglof; and William Easterly and Tobias Pfutze (pp. 243-246)
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Notes (page 247)
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Journal of Economic Perspectives


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