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Understanding Global Crises – An Emerging Paradigm - MIT Press Scholarship Online
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Understanding Global Crises: An Emerging Paradigm

Assaf Razin


This book aims at parsing and explaining some key forces that feature in every one of the global and regional financial crises and monetary crises that erupted in the world economy over the past decades. The text presents historical accounts of the recent major financial crises and then proceeds to present and explain the main streams of theories on the financial crises that featured in these historical episodes: banking crises and panics; credit frictions and market freezes; currency regime crises, births and bursts of asset bubbles, and conflicting forces behind the volatility of internation ... More

Keywords: Global and Regional financial crises, Bank runs and credit freezes, New Keynesian Macroeconomics Revisited, Singkle Currency Area Fragilities, Financial Bubbles

Bibliographic Information

Print publication date: 2015 Print ISBN-13: 9780262028592
Published to MIT Press Scholarship Online: May 2016 DOI:10.7551/mitpress/9780262028592.001.0001


Affiliations are at time of print publication.

Assaf Razin, author
Tel Aviv University