Financial crises This important volume presents key contributions to the study of financial crises from many different areas of economics. The book offers an economic history of financial crises empirical studies of crises in the modern era and classic works on the theory of banking crises. It also covers specialized topics with sections on currency crises and financial contagion. Undergraduate students of money banking macroeconomics and financial crises alike will find this collection to be an invaluable overview of a critical area of study Roberto Chang and Andres Velasco (2001) A Model of Financial Crises in Emerging Markets Quarterly Journal of Economics 116 (2) May 489 517 Franklin Allen and Douglas Gale (2000) Financial Contagion Journal of Political Economy 108 (1) February 1 33 Laura E. Kodres and Matthew Pritsker (2002) A Rational Expectations Model of Financial Contagion Journal of Finance LVII (2) April 769 99 Recommended readings (Machine generated): Michael Bordo Barry Eichengreen Daniela Klingebiel and Maria Soledad Martinez Peria (2001) Is the Crisis Problem Growing More Severe Economic Policy 16 (32) April 53 82 Gary Gorton (1988) Banking Panics and Business Cycles Oxford Economic Papers 40 (4) December 751 81 Charles W. Calomiris and Joseph R. Mason (2003) Fundamentals Panics and Bank Distress During the Depression American Economic Review 93 (5) December 1615 47 John H. Boyd Sungkyu Kwak and Bruce Smith (2005) The Real Output Losses Associated with Modern Banking Crises Journal of Money Credit and Banking 37 (6) December 977 99 Graciela L. Kaminsky and Carmen M. Reinhart (1999) The Twin Crises: The Causes of Banking and Balance of Payments Problems American Economic Review 89 (3) June 473 500 Graciela L. Kaminsky Carmen M. Reinhart and Carlos A. Vegh (2003) The Unholy Trinity of Financial Contagion Journal of Economic Perspectives 17 (4) Fall 51 74 John Bryant (1980) A Model of Reserves Bank Runs and Deposit Insurance Journal of Banking and Finance 4 (4) December 335 44 Douglas W. Diamond and Philip H. Dybvig (1983) Bank Runs Deposit Insurance and Liquidity Journal of Political Economy 91 (3) June 401 19 Charles W. Calomiris and Charles M. Kahn ([1991] 2001) The Role of Demandable Debt in Structuring Optimal Banking Arrangements amended in Maximilian J.B. Hall (ed) (ed.) The Regulation and Supervision of Banks Chapter 10 Cheltenham UK and Northampton MA USA: Edward Elgar 190 216 [previously published in American Economic Review 81 (3) June 497 513 Appendix] Franklin Allen and Douglas Gale (1998) Optimal Financial Crises Journal of Finance LIII (4) August 1245 84 Franklin Allen and Douglas Gale (2004) Financial Intermediaries and Markets Econometrica 72 (4) July 1023 61 Jean Charles Rochet and Xavier Vives (2004) Coordination Failures and the Lender of Last Resort: Was Bagehot Right after All Journal of the European Economic Association 2 (6) December 1116 47 Itay Goldstein and Ady Pauzner (2005) Demand Deposit Contracts and the Probability of Bank Runs Journal of Finance LX (3) June 1293 327 Franklin Allen and Douglas Gale (2000) Bubbles and Crises Economic Journal 110 (460) January 236 55 Douglas W. Diamond and Raghuram G. Rajan (2006) Money in a Theory of Banking American Economic Review 96 (1) March 30 53 Paul Krugman (1979) A Model of Balance of Payments Crises Journal of Money Credit and Banking 11 (3) August 311 25 Robert P. Flood and Peter M. Garber (1984) Gold Monetization and Gold Discipline Journal of Political Economy 92 (1) February 90 107 Maurice Obstfeld (1996) Models of Currency Crises with Self Fulfilling Features European Economic Review 40 1037 47 Stephen Morris and Hyun Song Shin (1998) Unique Equilibrium in a Model of Self Fulfilling Currency Attacks American Economic Review 88 (3) June 587 97