Richard S. Grossman
Banking Crises
CESifo Group Munich, 2016
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Economic booms and busts have historically driven banking crises.
Recommendation
Banking crises have always been a part of the economic scene. These crunches typically follow economic booms that go bust, much as the 2008 banking crisis succeeded the US housing market collapse. Professor Richard S. Grossman offers a succinct history of banking crises during the past 200 years, noting the conditions necessary for bank stability. getAbstract recommends his informative report to bankers, investors and economic history buffs.
Summary
About the Author
Richard S. Grossman is a professor of economics at Wesleyan University in Connecticut.
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