ISBN-13: 9780691202235 / Angielski / Miękka / 2020 / 264 str.
ISBN-13: 9780691202235 / Angielski / Miękka / 2020 / 264 str.
How beliefs shape financial markets and expose the economy to major risksThe collapse of Lehman Brothers in September 2008 caught markets and regulators by surprise. Nicola Gennaioli and Andrei Shleifer walk readers through the unraveling of Lehman and the ensuing meltdown of the US financial system, and present new evidence to illustrate the d