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Published: 29 April 2010

240 Pages | 30 black and white illustrations


ISBN: 9780199734153

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Slapped by the Invisible Hand

The Panic of 2007

Gary B. Gorton

Financial Management Association Survey and Synthesis

  • Not only is Gary Gorton a premier academic expert on banking, but as the financial crisis unfolded, he was working inside an institution that played a central role in the collapse, thus the book presents the unparalleled perspective of a top academic who was also a central insider.
  • Presents a novel explanation of the financial crisis that puts things into the relatively simple framework of a banking panic, then analyzes both the effects and causes of this.
  • Based on data inaccessable to other academics.

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