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  5. Getting Up to Speed on the Financial Crisis: A One-Weekend-Reader's Guide

Journal of Economic Literature

ISSN 0022-0515 (Print) | ISSN 2328-8175 (Online)

Getting Up to Speed on the Financial Crisis: A One-Weekend-Reader's Guide

  • Gary Gorton
  • Andrew Metrick
Journal of Economic Literature
vol. 50, no. 1, March 2012
(pp. 128–50)
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Abstract

All economists should be conversant with "what happened?" during the financial crisis of 2007-09. We select and summarize sixteen documents, including academic papers and reports from regulatory and international agencies. This reading list covers the key facts and mechanisms in the build-up of risk, the panics in short-term-debt markets, the policy reactions, and the real effects of the financial crisis. (JEL E32, E44, E52, G01, G21, G28)

Citation

Gorton, Gary, and Andrew Metrick. 2012. "Getting Up to Speed on the Financial Crisis: A One-Weekend-Reader's Guide." Journal of Economic Literature, 50 (1): 128–50. DOI: 10.1257/jel.50.1.128

JEL Classification

  • E32 Business Fluctuations; Cycles
  • E44 Financial Markets and the Macroeconomy
  • E52 Monetary Policy
  • G01 Financial Crises
  • G21 Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
  • G28 Financial Institutions and Services: Government Policy and Regulation