A (Financial) Crisis of Faith
How collapse and recession have shaken young people’s faith in capitalism.
A (Financial) Crisis of Faith
Associated Press
The Financial Crisis
In September 2008, the global economy experienced a series of disruptive events that sent markets tumbling, sparked a years-long recession, and sowed the seeds of political turmoil that is still unfolding around the world. What were the roots of that crisis? What have we learned since? And, perhaps most importantly, is there anything that can keep it from happening again?
Can We Handle the Next Financial Crisis?
Tharman Shanmugaratnam, Tim Geithner, and Lord Adair Turner on central banks’ responses to the 2007–10 financial crisis, current risks in the financial system, and countries’ preparedness for what comes next.
Can We Handle the Next Financial Crisis?
Capitalisn’t: Regulating Financial Weapons of Mass Destruction
Former CFTC commissioner Sharon Bowen discusses the importance of market transparency and the devastation of the 2007–10 financial crisis.
Capitalisn’t: Regulating Financial Weapons of Mass Destruction
Douglas W. Diamond Says the Next Crisis Will Be Different
We can’t eliminate crises, but we can limit their severity.
Douglas W. Diamond Says the Next Crisis Will Be Different
What Contributed Most to the Financial Crisis?
There’s a bevy of plausible culprits, and plenty of blame to go around.
What Contributed Most to the Financial Crisis?
Have Central Bankers Lost Their Power?
Evidence is revealing the power, limits, and confounding effects of monetary policy.
Have Central Bankers Lost Their Power?
A Way to Fight Bank Runs—and Regulatory Complexity
Cure two ills at once by giving banks a choice.
A Way to Fight Bank Runs—and Regulatory Complexity
Would Stricter Regulators Prevent the Next Financial Crisis?
Banks are significantly more likely to restate their financials, and report lower income, when they face a stricter state regulator.
Would Stricter Regulators Prevent the Next Financial Crisis?
Some Financial Institutions May Be ‘Too Big to Save First’
When bailouts are being considered, a better sequence of events could involve saving the relatively smaller institutions first.
Some Financial Institutions May Be ‘Too Big to Save First’
Do Economists Think Smaller Banks Would Cut Risk?
One-third of the economists who make up the Initiative on Global Markets’ Economic Experts Panel thought that capping banks’ size would cut risk, while only 12 percent disagreed.
Do Economists Think Smaller Banks Would Cut Risk?
In a Crisis, Companies Opt for Shorter-Term Bonds
When times get tough, companies are more likely to take on shorter-term debt.
In a Crisis, Companies Opt for Shorter-Term Bonds
How Strict Accounting Rules Could Cause Bank Failures
In the years since the 2007–10 financial crisis, US lawmakers have tightened accounting rules governing what information banks must disclose and how they must present the data.
How Strict Accounting Rules Could Cause Bank Failures
Thank the Financial Crisis for Today’s Partisan Politics
An increase in polarization after banking and financial crises is common and predictable.
Thank the Financial Crisis for Today’s Partisan Politics
Can the Global Economy Avoid a Crisis?
There are plenty of reasons to be worried about the global economy. How concerned should we be?
Can the Global Economy Avoid a Crisis?
How to Spot a Financial Crisis
Financial crises don’t always look the same.
How to Spot a Financial Crisis
A Simple Way to Halt Financial Contagion
Chicago Booth PhD candidate Hyunsoo Doh investigates why such damaging cases of financial contagion begin—and suggests ways to structure debt so that runs might be avoided.
A Simple Way to Halt Financial Contagion
Which Is Scarier, a Horror Film or a Financial Crisis?
Professor Luigi Zingales employs an innovative methodology—including showing scenes from Hostel—to quantify the extent to which fear caused investors’ risk aversion to spike after the 2008–09 financial crisis, impeding their ability to make smart investment choices.
Which Is Scarier, a Horror Film or a Financial Crisis?
What Occupy Wall Street Should Have Said
The protests may have failed to overhaul the financial system, but that does not mean that nothing has changed.
What Occupy Wall Street Should Have Said
When Times Are Tough, Lenders Prefer Family Businesses
When times are tough, we often look to family. Research suggests lenders do likewise.
When Times Are Tough, Lenders Prefer Family Businesses
What a 1920s Farm Bust Reveals about Financial Crises
Bank failures can be virulently contagious.
What a 1920s Farm Bust Reveals about Financial Crises
How to Forecast an Economic Meltdown
Economic downturns are notoriously difficult to forecast, as evidenced by the 2007–10 financial crisis that surprised most of the world’s top economists.
How to Forecast an Economic Meltdown
The Price of Policy Uncertainty
Uncertainty is confounding by its very definition. In the economy, uncertainty can arise from a number of different corners, including wars, natural disasters, and, of course, government decisions—or indecision.
The Price of Policy Uncertainty
Global Financial Shocks: What Can Emerging Economies Do?
When the global financial crisis erupted with full force in 2008, risk premia and borrowing costs surged around the world.
Global Financial Shocks: What Can Emerging Economies Do?Your Privacy
We want to demonstrate our commitment to your privacy. Please review Chicago Booth's privacy notice, which provides information explaining how and why we collect particular information when you visit our website.