Reality and Theory

Frederick Betz
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Frederick Betz: Portland State University

Chapter Chapter 1 in Why Bank Panics Matter, 2014, pp 1-7 from Springer

Abstract: Abstract Bank panics have long been experienced, and even extensively studied, as economic history. Yet the full explanation of panics remains contentious. Why do bank panics occur? How can recovery be made from the recessions triggered by bank panics? Can proper government policy prevent bank panics? Since the nineteenth century, these have been central questions in economics. As the historians have been cross-disciplinary in their views, many social science theoreticians have narrowly constrained their ideas within a single-discipline boundary. Disciplinary theories have partial validity in some contexts. But no disciplinary theory has complete validity in all contexts.

Keywords: Hedge Fund; Mortgage Loan; Leverage Ratio; Credit Protection; Economic Profession (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-3-319-01757-0_1

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DOI: 10.1007/978-3-319-01757-0_1

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