Robert Aliber discusses the reasons for bank failures and financial crises. He makes three main points. First, US macroeconomic stability would be increased if the US Congress established a government agency to provide capital to individual banks after a systemic crisis causes large loan losses....

"Manias, Panics and Crashes, is a vivid and entertaining account of the way that mismanagement of money and credit has led to financial explosions over the centuries. Covering such topics as the history and anatomy of crises, speculative manias, and the lender of last resort, this book has been...

The classic on crashes and financial crises Manias, Panics, and Crashes, Fifth Edition is a scholarly and entertaining account of the way that mismanagement of money and credit has led to financial explosions over the centuries. Covering such topics as the history and anatomy of crises,...

1. A Retrospective on the 2008 Global Financial Crisis- Robert Z Aliber and Gylfi Zoega -- Part I: The Source of the 2008 Global Financial Crisis -- 2. The Financial Alchemy that Failed- Marcus Miller -- 3. Prudential Regulation and Capital Controls- Michael Dooley -- 4. Three Grand State...

Iceland became one of the symbols of the global financial crisis. It provides an ideal test case for the perceptions of economists, in particular their ability to anticipate crises. The book contains papers and reports, written prior to the collapse of Iceland's financial system, about the...