We formulate a simple theoretical model of a banking industry that we use to identify and construct theory-based measures of systemic bank shocks (SBS). These measures differ from "banking crisis" (BC) indicators employed in many empirical studies, which are constructed using primarily...

Foreword -- Robert M. Solow -- Introduction -- Financial crises: a hardy perennial -- The anatomy of a typical crisis -- Speculative manias -- Fueling the flames : the expansion of credit -- The critical stage : when the bubble is about to pop -- Euphoria and paper wealth -- Bernie madoff :...

The classic on crashes and financial crises Manias, Panics, and Crashes, Fifth Edition is a scholarly and entertaining account of the way that mismanagement of money and credit has led to financial explosions over the centuries. Covering such topics as the history and anatomy of crises,...