Financial Crisis Reading List

This reading list contains books and articles which cover the financial crisis, broadly construed, and related ideas. There are a lot of them! For this reason, we have found the two summary articles listed at the top of the page to be a good place to start.

 

Summaries

Andrew W Lo, ‘Reading About the Financial Crisis: A Twenty-One-Book Review’, Journal of Economic Literature, 50 (2012), 151–178 <doi:10.1257/jel.50.1.151>.

Gary B. Gorton and Andrew Metrick, ‘Getting up to Speed on the Financial Crisis: A One-Weekend-Reader’s Guide’, Journal of Economic Literature, 50 (2012), 128–150 <doi:10.2139/ssrn.1974662>.

 

Books

Philip Augar, The Death of Gentlemanly Capitalism: The Rise and Fall of London’s Investment Banks (Penguin Business) (Penguin Books Ltd).

Stephen Green, Good Value: Reflections on Money, Morality, and an Uncertain World (Grove Press, 2010), p. 232.

Robert J. Shiller, The Subprime Solution: How Today’s Global Financial Crisis Happened, and What to Do About It (Princeton University Press).

Ferdinand Mount, The New Few: Or a Very British Oligarchy (Simon & Schuster, Limited, 2012), p. 320.

John H. Dunning, Making Globalization Good: The Moral Challenges of Global Capitalism (Oxford University Press, 2005), p. 400.

Robert Skidelsky, Keynes: The Return of the Master (PublicAffairs, 2010), p. 228.

Laurence J. Kotlikoff, Jimmy Stewart Is Dead: Ending the World’s Ongoing Financial Plague with Limited Purpose Banking (John Wiley & Sons).

George A. Akerlof and Robert J. Shiller, Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism (New in Paper) (Princeton University Press).

Simon Johnson and James Kwak, 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown (Knopf Doubleday Publishing Group, 2011), p. 320.

Dani Rodrik, The Globalization Paradox: Democracy and the Future of the World Economy (W. W. Norton, 2012), p. 368.

Robert J. Shiller, Irrational Exuberance (Princeton University Press, 2000), p. 296.

Henry M. Paulson, On the Brink: Inside the Race to Stop the Collapse of the Global Financial System (Business Plus, 2010), p. 478.

Niall Ferguson, The Ascent of Money: A Financial History of the World (Penguin Books, 2009), p. 442.

John Authers, The Fearful Rise of Markets: Global Bubbles, Synchronized Meltdowns, and How To Prevent Them in the Future (Pearson Education, 2010), p. 231.

Robert Pozen, Too Big to Save How to Fix the U.S. Financial System (John Wiley and Sons, 2009), p. 384.

Gary Stern and Ron Feldman, Too Big to Fail: The Hazards of Bank Bailouts (Brookings Institution Press).

Mohamed A. El-Erian, When Markets Collide: Investment Strategies for the Age of Global Economic Change (McGraw-Hill Professional, 2008), p. 344.

Michael Lewis, The Big Short: Inside the Doomsday Machine (Penguin UK, 2244), p. 288.

Satyajit Das, Extreme Money: The Masters of the Universe and the Cult of Risk (John Wiley & Sons, 2011), mmxi, 484.

Andrew Ross Sorkin, Too Big to Fail: Inside the Battle to Save Wall Street (Penguin).

David Tuckett, Minding the Markets: An Emotional Finance View of Financial Instability (Palgrave Macmillan, 2011), p. 256.

Hans-Werner Sinn, Casino Capitalism: How the Financial Crisis Came About and What Needs to Be Done Now (OUP Oxford).

Roger Bootle, The Trouble With Markets: Saving Capitalism from Itself (Nicholas Brealey Publishing, 2011), mmxi, 322.

Raghuram G. Rajan, Fault Lines: How Hidden Fractures Still Threaten the World Economy (Princeton University Press).

Brian Walters, The Fall of Northern Rock: An Insider’s Story of Britain’s Biggest Banking Disaster (Harriman House Limited, 2008), p. 176.

David Lascelles, Nick Carn and Jay Elwes, The Credit Crunch Diaries: The Financial Crisis by Those Who Made It Happen (Centre for the Study of Financial Innovation, 2009), p. 170.

Vincent Cable, The Storm: The World Economic Crisis and What It Means (Atlantic, 2009), p. 181.

Viral V. Acharya and others, Guaranteed to Fail: Fannie Mae, Freddie Mac, and the Debacle of Mortgage Finance (Google eBook) (Princeton University Press, 8771), p. 222.

Kenneth R. French and others, The Squam Lake Report: Fixing the Financial System (Princeton University Press).

Andrew Gamble, The Spectre at the Feast: Capitalist Crisis and the Politics of Recession (Palgrave Macmillan, 2009), p. 184.

Josh Ryan-Collins, Where Does Money Come from: A Guide to the UK Monetary and Banking System (New Economics Foundation., 2011), p. 144.

Markus Konrad Brunnermeier and others, The Fundamental Principles of Financial Regulation (International Center for Monetary and Banking Studies, 2009), p. 110.

Viral V. Acharya, Thomas F. Cooley and Matthew P. Richardson, Regulating Wall Street: The Dodd-Frank Act and the New Architecture of Global Finance (Google eBook) (John Wiley & Sons, 2010), mmx, 573.

Alistair Milne, The Fall of the House of Credit: What Went Wrong in Banking and What Can Be Done to Repair the Damage? (Cambridge University Press, 2009), p. 366.

Mark T. Williams, Uncontrolled Risk: The Lessons of Lehman Brothers and How Systemic Risk Can Still Bring Down the World Financial System (McGraw-Hill Professional, 2010), p. 256.

Michael Rowbotham, The Grip of Death: a Study of Modern Money, Debt Slavery, and Destructive Economics (Jon Carpenter, 1998), p. 343.

Anatole Kaletsky, Capitalism 4.0: The Birth of a New Economy (Bloomsbury Publishing PLC).

Franklin Allen and Douglas Gale, Understanding Financial Crises (Clarendon Lectures in Finance) (OUP Oxford).

Gerald A. Epstein, Financialization and the World Economy (Edward Elgar Publishing Ltd).

Bethany McLean and Peter Elkind, The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron (Portfolio, 2003), p. 435.

Charles P. Kindleberger and Robert Z. Aliber, Manias, Panics and Crashes: A History of Financial Crises, Sixth Edition (Palgrave Macmillan, 2011), p. 368.

Tamim A. Bayoumi and Charles Collyns, Post-Bubble Blues: How Japan Responded to Asset Price Collapse, Page 857 (International Monetary Fund, 2000), p. 227.

Hyman P. Minsky, Stabilizing an Unstable Economy (McGraw-Hill, 2008), p. 350.

Jean-Charles Rochet, Why Are There So Many Banking Crises?: The Politics and Policy of Bank Regulation (Google eBook) (Princeton University Press, 2008), p. 308.

Jeroen Smit, The Perfect Prey: The Fall of ABN Amro, or: What Went Wrong in the Banking Industry (Quercus).

E. P. Davis, Debt, Financial Fragility, and Systemic Risk (Clarendon Press, 1992), p. 314.

Michael Lewis, Boomerang: Travels in the New Third World (W. W. Norton, Incorporated, 2012), p. 224.

Gillian Tett, Fool’s Gold: How the Bold Dream of a Small Tribe at J.P. Morgan Was Corrupted by Wall Street Greed and Unleashed a Catastrophe (Free Press, 2009), p. 293.

200 Years of Savings Banks: A Strong and Lasting Business Model for Responsible, Regional Retail Banking; [conference Held in Edinburgh on 10 June 2010] (WSBI, 2011), p. 158.

Corporate Governance and Access to Finance (WSBI/ESBG, 2011), p. 170.

Carmen M. Reinhart and Kenneth S. Rogoff, This Time Is Different: a Panoramic View of Eight Centuries of Financial Crises (National Bureau of Economic Research, 2008).

Tyler Cowen, The Great Stagnation: How America Ate All the Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better (Dutton Books).

David Graeber, Debt: The First 5,000 Years (Melville House Publishing, 2012), p. 544.

Gretchen Morgenson and Joshua Rosner, Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon (Times Books/ Henry Holt and Company, 2011), p. 352.

William D. Cohan, Money and Power: How Goldman Sachs Came to Rule the World (Penguin UK, 2012), p. 662.

Jeffrey Sachs, The Price of Civilisation: Economics and Ethics After the Fall (London: The Bodley Head, 2011).

Joseph Stiglitz, Freefall (London: Allen Lane, 2010).

 

Papers, Reports & Articles

Souphala Chomsisengphet and Anthony Pennington-Cross, ‘The Evolution of the Subprime Mortgage Market’, Federal Reserve Bank of St Louis Review, 2006, 31–56

James B. Stewart, ‘Eight Days: The Battle to Save the American Financial System’, The New Yorker, 2009.

John Kay, ‘Corporate Values Are Not Just a Cost-benefit Calculation’, The Financial Times, 11 July 2012.

John Nelson, ‘The City Must Get Rid of the Banking Top Brass’, The Financial Times, 11 July 2012.

Patrick Jenkins, ‘Banks’ Balance Shifts Towards the Historical and Ethical’, The Financial Times, 17 July 2012.

‘Banksters’, The Economist, 2012.

‘The Rotten Heart of Finance’, The Economist.

BankForInternationalSettlements, Basel Committee on Banking Supervision, Homily Service, February 2006, xxxix <doi:10.1080/07321870500391738>.

Frank Partnoy, ‘Time to Rebuild the Twin Pillars of 1930s Wall Street’, The Financial Times, 14 May 2012, p. 11.

Shahien Nasiripour, ‘Call for US Banks to Shed Risky Units’, The Financial Times, 14 May 2012, p. 19.

Paul Amery, ‘The Net Is Closing in on Money Market Funds’, The Financial Times, 14 May 2012, p. 14.

J. A. Kay, Narrow Banking: The Reform of Banking Regulation (Centre for the Study of Financial Innovation, 2009), p. 50.

United States. Financial Crisis, The Financial Crisis Inquiry Report: Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States (General Books LLC, 2012), p. 664.

Chris Mallin, ‘The Stewardship Role of Institutional Shareholders’, Unpublished.

Discussion Paper No. 31: Optimal Bank Capital, January 2011.

Gillian G.H. Garcia, ‘Ignoring the Lessons for Effective Prudential Supervision, Failed Bank Resolution and Depositor Protection’, Journal of Financial Regulation and Compliance, 17 (2009), 186–209.

Ross Levine and Bank for International Settlements. Monetary and Economic Dept, The Governance of Financial Regulation: Reform Lessons from the Recent Crisis (Bank for International Settlements, Monetary and Economic Dept., 2010), p. 25.

E Philip Davis, Banking on Virtue, 2010.

David Mayes, ‘Moral Hazard, Bank Governance, and the Protection of Depositors’, Unpublished.

Sam Cross, The Cross Report into International Banking, 1985.

Daniel C. L. Hardy, Regulatory Capture in Banking (Google eBook) (International Monetary Fund, 2006), p. 25.

Jenny Anderson, ‘Business as Usual’, The New York Times, 13 September 2009.

Group of Thirty, Financial Reform: A Framework for Financial Stability (Group of Thirty, 2009), p. 77.

Andrew Haldane, Rethinking the Financial Network: Speech Delivered at the Financial Student Association, Amsterdam, April 2009.

Independent Commission on Banking (International Book Marketing Service Limited, 2011), mmxi, 92.

Brooke Masters, Tracy Alloway and Kate Burgess, ‘ICB Moves to Put Depositors Ahead of Bondholders’, The Financial Times, 14 September 2011, p. 22.

Ben Derudder, Michael Hoyler and Peter Taylor, ‘Goodbye Reykjavik: International Banking Centres and the Global Financial Crisis’, Area, 43 (2011), 173–182.

Andrew Handane, Control Rights (and Wrongs): Wincott Annual Memorial Lecture, October 2011.

NEF, Quid Pro Quo: Redressing the Privileges of the Banking Industry.

Carmen M. Reinhart, ‘Review of Authers’ “The Fearful Rise of Markets”’, The Financial Times, 5 June 2010.

Great Britain: H.M. Treasury, Great BritainDepartment for Business and Innovation & Skills, The Government Response to the Independent Commission on Banking (The Stationery Office, 4092), p. 77.

David Bailey, ‘Osborne Needs to Wake up and Smell the Anger’, The Birmingham Post, 18 February 2011.

‘Banks in the Woods: Outlook for Banks in 2011’, Financial World, 2011.

Diane Coyle, ‘Merlin Deal Will Not Fix Flawed Banks’, The Financial Times, 8 February 2011.

‘Softball: a Deal with the Banks’, The Economist, 2011.

Diane Coyle, ‘No Magic Cure from Merlin’, The Financial Times, 9 February 2011.

David Walker and David Walker Sir., A Review of Corporate Governance in UK Banks and Other Financial Industry Entities (Walker review secretariat, 2009), p. 142.

Andy Mullineux, ‘The Governance of “Too Big to Fail” Banks’, in Research Handbook on International Banking and Governance, ed. by James R. Barth, Chen Lin and Clas Wihlborg (Edward Elgar Publishing, 2012), p. 768.

Howard Davies, ‘Banking and the State : Changing the Social Contract’, LSE Research Online, 2008.

McKinlayDouglas, Community Banking: An Assessment of the Bendigo Bank Experience, October 2007.

Co-operativesUK, The UK Co-operative Economy 2011, 2011.

University of Bristol. Personal Finance Research Centre, Affordable Credit: Lessons from Overseas (Unknown Publisher, 2011), p. 54.

Editorial, ‘Restoring Faith in the Banking System’, The Financial Times, 29 December 2011.

TheEcumenicalCouncilforCorporateResponsibility, The Banks and Society: Rebuilding Trust, March 2011.

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