TY  - JOUR
AU  - Bordo,Michael D.
TI  - An Historical Perspective on the Crisis of 2007-2008
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 14569
PY  - 2008
Y2  - December 2008
UR  - http://www.nber.org/papers/w14569
L1  - http://www.nber.org/papers/w14569.pdf
N1  - Author contact info:
Michael D. Bordo
Department of Economics
Rutgers University
New Jersey Hall
75 Hamilton Street
New Brunswick, NJ 08901
Tel: 732/822-7152
Fax: 732/932-7416
E-Mail: bordo@econ.rutgers.edu
AB  - This paper provides an historical perspective on the crisis of 2007-2008. The crisis is part of a perennial pattern. It has echoes in earlier big international financial crises which were triggered by events in the U.S. financial system. Examples include the crises of 1857, 1893 1907 and 1929-33. This crisis has many similarities to those of the past but also some important modern twists.
ER  -