Bruner, Robert F.; Carr, Sean D. - In: Journal of Applied Corporate Finance 19 (2007) 4, pp. 115-124
The story of the panic and crash of 1907 suggests that major financial crises can be the result of a convergence of certain market forces-forces of the market's "perfect storm," if you will-that cause investors and depositors to react with alarm. The storm begins with a highly complex financial...