Review of Understanding Financial Crises (Clarendon Lectures in Finance)

Franklin Allen and Douglas Gale, Understanding Financial Crises (Clarendon Lectures in Finance). Oxford University Press, 2007. 320 pages.

There are fewer bigger challenges in economic policy than "Understanding financial crises". But for all the evidence on crises assembled over many centuries, and their clear and significant costs, remarkably little analytical progress has been made in providing a consensus analytical model of crises. Allen and Gale have been at the frontier of theoretical

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: