Bubbles, Financial Crises, and Systemic Risk

Markus K. Brunnermeier, Martin Oehmke

NBER Working Paper No. 18398
Issued in September 2012

---- Acknowledgements -----

This chapter was written for the Handbook of the Economics of Finance, Volume 2. We are grateful to Patrick Cheridito, Thomas Eisenbach, Stephen Morris, Delwin Olivan, René Stulz, Dimitri Vayanos, and Eugene White for helpful comments on earlier drafts of this chapter. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

---- Disclosure of Financial Relationships for Markus K. Brunnermeier -----

Please visit the website http://scholar.princeton.edu/markus/pages/disclosures for a detailed disclosure statement.

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