A Crisis of Beliefs: Investor Psychology and Financial Fragility

A Crisis of Beliefs: Investor Psychology and Financial Fragility
Andrei Shleifer, Nicola Gennaioli
RRP:
NZ$ 59.99
Our Price:
NZ$ 49.19
Paperback
h203 x 133mm - 264pg
10 Mar 2020 US
International import eta 7-19 days
9780691202235
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The collapse of Lehman Brothers in September 2008 caught markets and regulators by surprise. Although the government rushed to rescue other financial institutions from a similar fate after Lehman, it could not prevent the deepest recession in postwar history. A Crisis of Beliefs makes us rethink the financial crisis and the nature of economic risk. In this authoritative and comprehensive book, two of today's most insightful economists reveal how our beliefs shape financial markets, lead to expansions of credit and leverage, and expose the economy to major risks. A must-read for anyone seeking insights into financial markets, A Crisis of Beliefs shows how even the smartest market participants and regulators did not fully appreciate the extent of economic risk, and offers a new framework for understanding today's unpredictable financial waters. 20 black and white illustrations.
Status: Active
ISBN-13: 9780691202235
Published: 10 Mar 2020
Published In: United States
Imprint: Princeton University Press
Publisher: Princeton University Press
Format: Paperback
Height: 203mm
Width: 133mm
Pages: 264

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