Econ%20104%20Syllabus--Pollin--Fall%20-page10 -...

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Historical PaBern Kindleberger , Manias, Crashes and Panics Crisis Every 8.5 years from 1770 – present Basic pa^ern: “Overleveraging” Borrowing too much in pursuit of new proFt
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Unformatted text preview: opportuniKes Creates selfQreinforcing bubble Crisis begins when bubble bursts Impact of Financial Regulaon and Deregulaon BiparKsan support for deregulaKon 4...
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This note was uploaded on 11/07/2011 for the course ECON 104 taught by Professor Dolenc during the Fall '08 term at UMass (Amherst).

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