Assessment of the Theories

Jill M. Hendrickson
Additional contact information
Jill M. Hendrickson: University of St. Thomas

Chapter 3 in Financial Crisis, 2013, pp 44-56 from Palgrave Macmillan

Abstract: Abstract Chapter 2 provided a review of four prominent financial crisis theories, each of which has garnered increased attention in light of the first financial crisis of the twenty-first century. In that chapter, each theory is presented individually and in isolation from the others. The purpose of this chapter is to bring the four perspectives together and identify what they have in common and how they are different from one another. Identifying the fundamental similarities and differences between theories is important because these same theories are utilized later in the book to understand the most recent US financial crisis. If there is a framework in place in which it is clear how these theories are different as well as their similarities, it will be more obvious how to identify whether the theories are adequate for understanding modern financial crises.

Keywords: Interest Rate; Monetary Policy; Financial Crisis; Asset Price; Asymmetric Information (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
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:pal:pmschp:978-1-137-31105-4_3

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137311054

DOI: 10.1057/9781137311054_3

Access Statistics for this chapter

More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().