Getting Up to Speed on the Financial Crisis: A One-Weekend-Reader's Guide
Journal of Economic Literature
no. 1, March 2012
All economists should be conversant with "what happened?" during the financial
crisis of 2007-09. We select and summarize sixteen documents, including academic papers and reports from regulatory and international agencies. This reading list covers the key facts and mechanisms in the build-up of risk, the panics in short-term-debt markets, the policy reactions, and the real effects of the financial crisis. (JEL E32, E44, E52, G01, G21, G28)
Gorton, Gary, and Andrew Metrick.
"Getting Up to Speed on the Financial Crisis: A One-Weekend-Reader's Guide."
Journal of Economic Literature,
Business Fluctuations; Cycles
Financial Markets and the Macroeconomy
Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
Financial Institutions and Services: Government Policy and Regulation