000			02719cam a22002895a 4500
008			161030b xxu||||| |||| 00| 0 eng d
020			_a9780190204839
040			_bENG _dEG-ScBUE
082	0	4	_a332.1 _222 _bGOR
100	1		_aGorton, Gary, _eauthor.
245	1	4	_aThe maze of banking : _bhistory, theory, crisis / _cGary B. Gorton.
250			_a1st ed.
260			_aNew York : _bOxford university press ; _cc. 2015.
300			_axiii, 674 p. : _bill. ; _c24 cm.
504			_aIncludes bibliographical references and index.
520			_a"After the financial crisis of 2007-2008, analysts continue to question the security of banking sectors in nations in Europe, Latin America, Asia, and Africa. Why do such crises recur? What is it about the accumulation of bank debt that potentially jeopardizes national and global banking systems? There is no one better-equipped to answer such questions than Gary Gorton, who has been studying financial crises since his PhD thesis in 1983. The Maze of Banking contains a collection of his academic papers on the subjects of banks, banking, and financial crises. The papers in this volume span almost 175 years of U.S. banking history, from pre-U.S. Civil War private bank notes issued during the U.S. Free Banking Era (1837-1863), followed by the U.S. National Banking Era (1863-1914) before there was a central bank, through loan sales, securitization, and the financial crisis of 2007-2008. Banking changed profoundly during these 175 years, yet it did not change in fundamental ways. The forms of money changed, resulting in associated changes in the information structure of the economy. Bank debt evolved as an instrument for storing value, smoothing consumption, and transactions, but its fundamental nature did not change. In all its forms, it is vulnerable to bank runs without government intervention. Comprehensive and informative, the collection is the definitive volume on the history of the U.S. banking system. These papers provide the framework for understanding how the financial crisis of 2007-2008 developed and steps to promote a stable banking industry, thereby preventing future economic crises. The Maze of Banking is essential reading material for students and academics with an interest in economics, finance, and the history of banking."--
590			_ashima
650		7	_aBanks and banking. _2BUEsh
650		7	_aBanks and banking _xHistory. _2BUEsh _940959
650		7	_aBank failures. _2BUEsh
650		7	_aFinancial crises. _2BUEsh
651			_2BUEsh
653			_bBUSADM _cOctober2016
906			_a7 _bcbc _ccopycat _d2 _encip _f20 _gy-gencatlg
942			_2ddc
999			_c22923 _d22895