Fighting financial crises : learning from the past / Gary B. Gorton and Ellis W. Tallman.
Gorton, Gary| Call Number | 338.5420973 |
| Author | Gorton, Gary, author. |
| Title | Fighting financial crises : learning from the past / Gary B. Gorton and Ellis W. Tallman. |
| Physical Description | 1 online resource. : illustrations (black and white). |
| Series | Chicago scholarship online |
| Notes | Previously issued in print: 2018. |
| Summary | Financial crises, banking panics, have plagued all market economies and have throughout history. This text is about fighting financial crises. Lessons and rules are derived from history, in particular from the experience of the US National Banking Era, 1963-1914. In this era, private bank clearing houses were at the forefront of fighting crises. The key lesson concerns managing information during the crisis. Information was withheld by the clearing house so that individual banks did not experience runs. The lessons are applied to modern crises, which are more complicated because of expectations about government and central bank possible future actions. Nevertheless, the rules apply. |
| Added Author | Tallman, Ellis W. 1958- author. |
| Subject | FINANCIAL CRISES. Financial crises United States History. Clearinghouses (Banking) New York (State) New York. New York Clearing House Association. United States Economic conditions 1865-1918. |
| Multimedia |
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$a 1 online resource. : $b illustrations (black and white).
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$a Includes bibliographical references and index.
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$a Financial crises, banking panics, have plagued all market economies and have throughout history. This text is about fighting financial crises. Lessons and rules are derived from history, in particular from the experience of the US National Banking Era, 1963-1914. In this era, private bank clearing houses were at the forefront of fighting crises. The key lesson concerns managing information during the crisis. Information was withheld by the clearing house so that individual banks did not experience runs. The lessons are applied to modern crises, which are more complicated because of expectations about government and central bank possible future actions. Nevertheless, the rules apply.
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$a Specialized.
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$a Description based on online resource; title from home page (viewed on May 9, 2019).
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$a New York Clearing House Association.
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$a FINANCIAL CRISES.
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$a Financial crises $z United States $x History.
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$a United States $x Economic conditions $y 1865-1918.
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$a Tallman, Ellis W. $q (Ellis William), $d 1958- $e author.
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| Summary | Financial crises, banking panics, have plagued all market economies and have throughout history. This text is about fighting financial crises. Lessons and rules are derived from history, in particular from the experience of the US National Banking Era, 1963-1914. In this era, private bank clearing houses were at the forefront of fighting crises. The key lesson concerns managing information during the crisis. Information was withheld by the clearing house so that individual banks did not experience runs. The lessons are applied to modern crises, which are more complicated because of expectations about government and central bank possible future actions. Nevertheless, the rules apply. |
| Notes | Previously issued in print: 2018. |
| Subject | FINANCIAL CRISES. Financial crises United States History. Clearinghouses (Banking) New York (State) New York. New York Clearing House Association. United States Economic conditions 1865-1918. |
| Multimedia |