Surviving Large Losses

Financial Crises, the Middle Class, and the Development of Capital Markets

Philip T. Hoffman

Gilles Postel-Vinay

Jean-Laurent Rosenthal

    Introduction

    1. The Political Economy of Financial Crises

    2. Information and Crises

    3. Crises and the Middle Class

    4. What Happens after Crises

    5. Financial Intermediaries and the Demand for Change

    6. Governments and the Demand for Reform

    Conclusion: The Lessons of History

    Notes

    References

    Index

  • Cover: Surviving Large Losses
  • A photo of the author

photo of Jean-Laurent Rosenthal

Philip T. Hoffman is Rea A. and Lela G. Axline Professor of Business Economics and Professor of History, California Institute of Technology.

Gilles Postel-Vinay is Director of studies at École des Hautes Études en Sciences Sociales.

Jean-Laurent Rosenthal is Professor of Business Economics at the California Institute of Technology.