An historical perspective on the crisis of 2007-2008 / Michael D. Bordo.

By: Bordo, Michael DContributor(s): National Bureau of Economic ResearchMaterial type: TextTextSeries: Working paper series (National Bureau of Economic Research) ; no. 14569.Publication details: Cambridge, Mass. : National Bureau of Economic Research, 2008Description: 23 p. : ill. ; 22 cmSubject(s): Financial crises -- United States -- History | Financial crises -- United States -- 21st centuryLOC classification: HB1 | .N38 no. 14569Online resources: Click here to access online Summary: This paper provides an historical perspective on the crisis of 2007-2008. The crisis is part of a perennial pattern. It has echoes in earlier big international financial crises which were triggered by events in the U.S. financial system. Examples include the crises of 1857, 1893 1907 and 1929-33. This crisis has many similarities to those of the past but also some important modern twists.
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Research Papers HB1.N38 no. 14569 (Browse shelf (Opens below)) 1 Available 0013116384

Includes bibliographical references (p. 19-21).

This paper provides an historical perspective on the crisis of 2007-2008. The crisis is part of a perennial pattern. It has echoes in earlier big international financial crises which were triggered by events in the U.S. financial system. Examples include the crises of 1857, 1893 1907 and 1929-33. This crisis has many similarities to those of the past but also some important modern twists.

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