Readings for September 16, 2011 Meeting of Economics 24-1: Understanding the Lesser Depression
Banks, Derivatives, and Risk
Required
G. Phillip Rutledge (2005), "A Brief Guide to Financial Derivatives" http://tinyurl.com/dl201109f
Rene Stultz (2004), "Should We Fear Derivatives?" http://tinyurl.com/dl201109g
Gary Gorton (2010), "Questions and Answers About the Financial Crisis" http://tinyurl.com/d201109d
Stephen G. Cecchetti (2009). "Crisis and Responses: The Federal Reserve in the Early Stages of the Financial Crisis." Journal of Economic Perspectives, 23(1): 51–75.http://tinyurl.com/d201109a
Optional
Vincent Reinhart (2011). "A Year of Living Dangerously: The Management of the Financial Crisis in 2008." Journal of Economic Perspectives, 25(1): 71–90.http://tinyurl.com/d201109b
Frederic S. Mishkin (2011). "Over the Cliff: From the Subprime to the Global Financial Crisis." Journal of Economic Perspectives, 25(1): 49–70.http://tinyurl.com/d201109c
Gary Gorton and Andrew Metrick (2010), "Regulating the Shadow Banking System" http://tinyurl.com/dl201109e
