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Bridge over ocean
15 December 2010 Research Foundation

The Dynamics of A Financial Dislocation: The Panic of 1907 and The Subprime Crisis

  1. Robert F. Bruner, DBA

The Dynamics of A Financial Dislocation: The Panic of 1907 And The Subprime Crisis View the full chapter (PDF)

The global financial crisis of 2007–2009 is unprecedented in modern times. Nevertheless, it can be better understood by taking a long historical perspective that includes crises and crashes from other times and places. A select group of 16 authors or writing teams with extensive experience in the investment management profession have contributed essays to this extraordinary collection.

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  • Andrew, A. Piatt (1908a) 1908 Hoarding in the Panic of 1907 Quarterly Journal of Economics Vol. 22 No. 4 Oxford Academic 10
  • Andrew, A. Piatt (1908b) 1908 Substitutes for Cash in the Panic of 1907 Quarterly Journal of Economics Vol. 42 No. 2 11
  • Andrews, Edmund L. 2008 Greenspan Concedes Error on Regulation New York Times October
  • Bookstaber, Richard 2007 A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation Hoboken, NJ John Wiley & Sons Inc.
  • Bulmer, Martin, Kevin Bales, and Kathryn Kish Sklar, eds. 1991 The Social Survey in Historical Perspective: 1880–1940 Cambridge, UK Cambridge University Press
  • Cahill, Kevin J. 1998 The U.S. Bank Panic of 1907 and the Mexican Depression of 1908–1909. Historian Vol. 60 17
  • Calomiris, Charles W., and Gary Gorton 1991 The Origins of Banking Panics: Models, Facts, and Bank Regulation. Financial Markets and Financial Crises. Edited by R. Glenn Hubbard Chicago: The University of Chicago Press
  • Calomiris, Charles W. 2000 U.S. Bank Deregulation in Historical Perspective Cambridge, UK Cambridge University Press
  • Cannon, James G. 1910 Clearing House Loan Certificates and Substitutes for Money Used During the Panic of 1907 March
  • Capen, E.C., R.V. Clapp, and W.M. Campbell 1971 Competitive Bidding in High-Risk Situations Journal of Petroleum Technology Vol. 23 June 13
  • Carlson, Mark Causes of Bank Suspensions in the Panic of 1893 Working paper Washington, DC: U.S. Federal Reserve Board
  • Davis, Joseph H. 2004 A Quantity-Based Annual Index of U.S. Industrial Production, 1790-1915 Vol. 119 39
  • Diamond, Douglas W., and Philip H. Dybvig 1983 Bank Runs, Deposit Insurance, and Liquidity Journal of Political Economy Vol. 91 No. 3 June 19
  • Donaldson, R. Glenn 1992 Sources of Panics: Evidence from the Weekly Data. Journal of Monetary Economics Vol. 30 No. 2 November 29
  • Donaldson, R. Glenn 1993 Financing Banking Crises: Lessons from the Panic of 1907 Journal of Monetary Economics February 27
  • Duttagupta, Rupa, and Paul Cashin 2008 The Anatomy of Banking Crises IMF Working Paper WP/08/93 April
  • Friedman, Milton, and Anna Schwartz 1963 A Monetary History of the United States, 1867–1960 Princeton, NJ: Princeton University Press
  • Friedman, Milton, and Anna Jacobson Schwartz 1964 A Monetary History of the United States, 1857–1960 Cambridge, MA: National Bureau of Economic Research
  • Gorton, Gary 1985 Clearing Houses and the Origins of Central Banking in the U.S. Vol. 45 No. 2 June 8
  • Gorton, Gary 1988 Banking Panics and Business Cycles Oxford Economic Papers Vol. 40 No. 4 December 31
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Publisher Information
The CFA Institute Research Foundation 31 pages doi.org/10.2740/rf.v2009.n5.3