Getting up to Speed on the Financial Crisis: A One-Weekend-Reader's Guide

All economists should be conversant with "what happened?" during the financial crisis of 2007-2009. We select and summarize 16 documents, including academic papers and reports from regulatory and international agencies. This reading list covers the key facts and mechanisms in the build-up of risk, the panics in short-term-debt markets, the policy reactions, and the real effects of the financial crisis.

[1]  Murillo Campello,et al.  The Real Effects of Financial Constraints: Evidence from a Financial Crisis , 2009 .

[2]  Alan M. Taylor,et al.  Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008 , 2009 .

[3]  Kenneth Rogoff,et al.  Is the 2007 U.S. Sub-Prime Financial Crisis so Different? an International Historical Comparison , 2008 .

[4]  Zoltan Pozsar.  Institutional Cash Pools and the Triffin Dilemma of the U.S. Banking System , 2011, SSRN Electronic Journal.

[5]  Kenneth S. Rogoff,et al.  From Financial Crash to Debt Crisis , 2010 .

[6]  Ben S. Bernanke,et al.  Causes of the recent financial and economic crisis: testimony before the Financial Crisis Inquiry Commission, September 2, 2010 , 2010 .

[7]  Patrick E. McCabe,et al.  The Cross Section of Money Market Fund Risks and Financial Crises , 2010 .

[8]  B. Bernanke.  The global saving glut and the U.S. current account deficit , 2005 .

[9]  Kenneth Rogoff,et al.  Is the 2007 US sub-prime financial crisis so different?: An international historical comparison , 2009 .

[10]  J. Moake,et al.  This article has been cited by other articles , 2003 .

[11]  Manju Puri,et al.  Global Retail Lending in the Aftermath of the Us Financial Crisis: Distinguishing between Supply and Demand Effects , 2010 .

[12]  D. Scharfstein,et al.  Bank Lending During the Financial Crisis of 2008 , 2009 .

[13]  BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM , 2000 .

[14]  R. Shiller,et al.  Is There a Bubble in the Housing Market? , 2003 .

[15]  Gustavo A. Suarez,et al.  The Evolution of a Financial Crisis: Collapse of the Asset-Backed Commercial Paper Market , 2012 .

[16]  William K. Black.  Testimony Before the Financial Crisis Inquiry Commission, Miami, Florida September 21, 2010 , 2010 .

[17]  Gary B. Gorton,et al.  Securitized Banking and the Run on Repo , 2009 .

[18]  J. Keynes,et al.  Bank for International Settlements , 1934, International Organization.

[19]  Gustavo A. Suarez,et al.  The evolution of a financial crisis: panic in the asset-backed commercial paper market , 2009 .