{"product_id":"books-a-crash-course-on-crises-by-markus-k-brunnermeier","title":"A Crash Course on Crises","description":"An incisive overview of the macroeconomics of financial crises—essential reading for students and policy experts alike  With alarming frequency, modern economies go through macro-financial crashes that arise from the financial sector and spread to the broader economy, inflicting deep and prolonged recessions. A Crash Course on Crises brings together the latest cutting-edge economic research to identify the seeds of these crashes, reveal their triggers and consequences, and explain what policymakers can do about them.  Each of the book’s ten self-contained chapters introduces readers to a key economic force and provides case studies that illustrate how that force was dominant. Markus Brunnermeier and Ricardo Reis show how the run-up phase of a crisis often occurs in ways that are preventable but that may go unnoticed and discuss how debt contracts, banks, and a search for safety can act as triggers and amplifiers that drive the economy to crash. Brunnermeier and Reis then explain how monetary, fiscal, and exchange-rate policies can respond to crises and prevent them from becoming persistent.  With case studies ranging from Chile in the 1970s to the COVID-19 pandemic, A Crash Course on Crises synthesizes a vast literature into ten simple, accessible ideas and illuminates these concepts using novel diagrams and a clear analytical framework.","brand":"World of Books ","offers":[{"title":"Default Title","offer_id":53674406740241,"sku":null,"price":0.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780691221106.jpg?v=1781531996","url":"https:\/\/www.worldofbooks.com\/products\/books-a-crash-course-on-crises-by-markus-k-brunnermeier","provider":"World of Books ","version":"1.0","type":"link"}