A Crisis of Beliefs: Investor Psychology and Financial Fragility

by Andrei Shleifer and Nicola Gennaioli

Book Overview

How investor expectations move markets and the economy

The collapse of Lehman Brothers in September 2008 caught markets and regulators by surprise. Although the government rushed to rescue other financial institutions from a similar fate after Lehman, it could not prevent the deepest recession in postwar history. A Crisis of Beliefs makes us rethink the financial crisis and the nature of economic risk. In this authoritative...

• Format: Hardcover
• Language: English
• ISBN: 0691182507
• ISBN13: 9780691182506
• Release Date: September 2018
• Publisher: Princeton University Press
• Length: 264 Pages
• Weight: 1.28 lbs.
• Dimensions: 1.0" x 6.1" x 9.3"