great recession

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

September 15, 2018 by Blog Admin

A 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.

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

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

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

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

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

The Federal Reserve and the Financial Crisis
Ben S. Bernanke

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