Bubbles, Financial Crises, and Systemic Risk

Markus Brunnermeier and Martin Oehmke

Chapter Chapter 18 in Handbook of the Economics of Finance, 2013, vol. 2, pp 1221-1288 from Elsevier

Abstract: This chapter surveys the literature on bubbles, financial crises, and systemic risk. The first part of the chapter provides a brief historical account of bubbles and financial crisis. The second part of the chapter gives a structured overview of the literature on financial bubbles. The third part of the chapter discusses the literatures on financial crises and systemic risk, with particular emphasis on amplification and propagation mechanisms during financial crises, and the measurement of systemic risk. Finally, we point toward some questions for future research.

Keywords: Bubbles; Crashes; Financial crises; Systemic risk (search for similar items in EconPapers)
JEL-codes: G00 G01 G20 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (146)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/B9780444594068000184
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Bubbles, Financial Crises, and Systemic Risk (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finchp:2-b-1221-1288

DOI: 10.1016/B978-0-44-459406-8.00018-4

Access Statistics for this chapter

More chapters in Handbook of the Economics of Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().