Show Notes
- Amazon USA Store: https://www.amazon.com/dp/0691223181?tag=9natree-20
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#macrofinancialcrises #debtrolloverrisk #bankcontagion #exchangeratebalancesheeteffects #monetaryandfiscalcrisisresponse #ACrashCourseonCrises
A Crash Course on Crises: Macroeconomic Concepts for Run-Ups, Collapses, and Recoveries is a concise economics book by Markus K. Brunnermeier and Ricardo Reis that explains how financial crises build up, erupt, and are managed. Written for students, policy readers, and general audiences with some interest in macroeconomics, it distills a complex body of research into a compact framework centered on ten core ideas. The book focuses on the mechanisms that make booms fragile, including debt, banks, leverage, liquidity pressures, and the search for safety, then shows how these forces can turn localized stress into broader economic collapse. It also examines the policy tools available in response, especially monetary, fiscal, and exchange-rate policy. Rather than offering a single theory of crisis, the book uses clear diagrams and historical case studies to connect abstract concepts to real-world episodes, from earlier emerging-market events to the COVID-19 shock. Its purpose is explanatory and analytical: to help readers recognize warning signs and understand why recoveries differ across crises.