The ongoing global financial crisis is rooted in a combination of factors common to previous financial crises and some new factors. The crisis has brought to li

The ongoing global financial crisis is rooted in a combination of factors common to previous financial crises and some new factors. The crisis has brought to li

The current financial and economic crisis is a classic bust of a credit boom, the boom having been fueled by policies whose combined effects were to increase th

This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since ma

The lingering effects of the economic crisis are still visible—this shows a clear need to improve our understanding of financial crises. This book surveys a w