The Economic History of Financial Panics

Authored by: Andrew Jalil

Routledge Handbook of Modern Economic History

Print publication date:  December  2012
Online publication date:  January  2013

Print ISBN: 9780415677042
eBook ISBN: 9780203075616
Adobe ISBN: 9781135121211


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Banks are wonderful things, when they work. And they usually do. But when they don’t, all hell can break loose.

(Krugman 2008: 152) The financial crisis of 2008 has brought renewed interest to the study of the history of financial panics. When did panics occur? What were their effects? What caused them? What should be the goals of policy? What lessons can history provide for today?

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