Financial Crises: Causes, Consequences, Policy Responses and Management
Financial Crises: Causes, Consequences, Policy Responses and Management by Frida Ross, published by NY Research Press on September 19, 2023, is a comprehensive examination of the dynamics surrounding financial crises. This 380-page book delves into various types of financial crises, including stock market, banking, and currency crises, while exploring the underlying causes such as overvalued assets and investor behavior. The text aims to provide a clear understanding of how these crises unfold and the impact they have on asset values, liquidity, and the broader economy.
Readers will find a detailed analysis of the policy responses that governments implement to stabilize financial institutions and mitigate the effects of credit crunches. The book serves as a valuable resource for students and researchers interested in business, finance, and financial risk management. By outlining the intricate relationships between causes, consequences, and management strategies, this edition offers insights into the complexities of financial crises, making it a relevant addition to the literature in this field.
Official synopsis Publisher
Financial crisis refers to a condition wherein a financial asset unexpectedly loses a significant portion of its nominal value. There are various types of financial crises including stock market crises, external debt crises, banking crises, balance of payments crises and currency crises. A financial crisis can have several causes such as an overvalued asset or institution, which can then be worsened by irrational behavior of the investors. During a financial crisis, asset values endure a sharp decrease, firms and individuals are unable to pay their dues, and financial institutions face a shortage of liquidity. Policy responses are implemented by the governments in order to prevent the banking and financial institutions from collapsing as well as mitigating the consequences of the credit crunch on the economy. This book outlines the causes, consequences, policy responses and management of financial crisis. It will prove to be immensely beneficial to students and researchers in this field.
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