Description
About the Author
Gary B. Gorton is the Frederick Frank Class of 1954 Professor of Finance at the Yale School of Management. He is the author of Slapped by the Invisible Hand: The Panic of 2007 and Misunderstanding Financial Crises. He has consulted for the U.S. Board of Governors of the Federal Reserve System, various U.S. Federal Reserve Banks, the Bank of England, the Bank of Japan, and the Central Bank of Turkey as well as AIG Financial Products from 1996 until 2008. Dr. Gorton received his PhD in Economics from the University of Rochester. In the field of economics, he received Master's degrees at the University of Rochester and Cleveland State University as well as a Master's degree in Chinese Studies from the University of Michigan.
Reviews
"Gary Gorton is a master at combining financial history and economic theory. His work has been invaluable in illuminating the deep causes of financial crises and in helping to guide the policy response." Ben S. Bernanke, Distinguished Fellow in Residence, Economic Studies Program, Brookings Institution and Former Chairman of the Federal Reserve "The Maze of Banking demonstrates the great depth and relevance of Gary Gorton's research on banking and financial crises. Gary's research combines insights from modern economic theory and the insights of fresh empirical work guided by the techniques of economic history. By coming at an understanding of the financial system from two very different methodologies, Gorton's research produces insights about the past which are both new and still empirically valid in the modern financial system. Reading Gary's collected works together yields new lessons which were unclear from reading them separately over the years. The whole does appear to be greater than the sum of the individual parts." Douglas W. Diamond, Merton H Miller Distinguished Service Professor, Booth School of Business, University of Chicago "Read this anthology of papers written over the past thirty years and you will understand why Gary Gorton has been the leading voice in explaining the recent financial crisis. The sweeping perspective provides the basis for a coherent, comprehensive interpretation of current events, devoid of undue emotion and hasty conclusions. The Maze of Banking is a testimony to the depth of Gorton's analysis and the perseverance of his research." Bengt Holmstroem, Paul A. Samuelson Professor of Economics, Massachusetts Institute of Technology "To understand banking and financial crises, especially in their historical context, you really need to read Gary Gorton. Insights leap from every page." Mervyn King, former Governor of the Bank of England "Gary Gorton is unique in his ability to bring together fundamental insights from both history and theory to shed light on the essential nature of-and the risks created by-financial intermediation. The papers in this volume make it clear why he has been one of the most important voices on one of the most pressing economic policy issues of our time." Jeremy C. Stein, Department of Economics, Harvard University and Former Member of the Federal Open Market Committee
Book Information
ISBN 9780190204839
Author Gary B. Gorton
Format Hardback
Page Count 690
Imprint Oxford University Press Inc
Publisher Oxford University Press Inc
Weight(grams) 1021g
Dimensions(mm) 170mm * 236mm * 51mm