Ten years on from the collapse of Lehman Brothers: A Reading List

Gennaioli & ShleiferA Crisis of Beliefs by Nicola Gennaioli and Andrei Shleifer makes us rethink the financial crisis and the nature of economic risk. In this authoritative and comprehensive book, two of today’s most insightful economists reveal how our beliefs shape financial markets, lead to expansions of credit and leverage, and expose the economy to major risks. They present a new theory of belief formation that explains why the financial crisis came as such a shock to so many people—and how financial and economic instability persist.

To mark the 10th anniversary of the collapse of Lehman Brothers on September 15, 2008, these books shed light on the causes and effects of the financial crisis, and make suggestions for where we should go from here. 

 

 

Sandbu

Europe’s Orphan: The Future of the Euro and the Politics of Debt – New Edition
Martin Sandbu

brunnermeier

The Euro and the Battle of Ideas
Markus K. Brunnermeier, Harold James & Jean-Pierre Landau

Acharya

Guaranteed to Fail: Fannie Mae, Freddie Mac, and the Debacle of Mortgage Finance
Viral V. Acharya, Matthew Richardson, Stijn Van Nieuwerburgh & Lawrence J. White

Admati

The Bankers’ New Clothes: What’s Wrong with Banking and What to Do about It – Updated Edition
Anat Admati & Martin Hellwig

Akerlof

Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism
George A. Akerlof & Robert J. Shiller

Bernanke

The Federal Reserve and the Financial Crisis
Ben S. Bernanke

Cochrane

The Squam Lake Report: Fixing the Financial System
Kenneth R. French, Martin N. Baily, John Y. Campbell, John H. Cochrane, Douglas W. Diamond, Darrell Duffie, Anil K Kashyap, Frederic S. Mishkin, Raghuram G. Rajan, David S. Scharfstein, Robert J. Shiller, Hyun Song Shin, Matthew J. Slaughter, Jeremy C. Stein, and René M. Stulz

Rajan

Fault Lines: How Hidden Fractures Still Threaten the World Economy
Raghuram G. Rajan

Reinhart

This Time Is Different: Eight Centuries of Financial Folly
Carmen M. Reinhart & Kenneth S. Rogoff

Shiller

Irrational Exuberance: Revised and Expanded Third Edition
Robert J. Shiller

Shiller

The Subprime Solution: How Today’s Global Financial Crisis Happened, and What to Do about It
Robert J. Shiller

Turner

Between Debt and the Devil: Money, Credit, and Fixing Global Finance
Adair Turner