"Financial crises were seen (except by a few intrepid scholars, mostly at central banks and international institutions) as an affliction of developing countries. Monetary economists, once actively engaged with financial stability, had largely moved on to other topics. One prominent scholar of financial crises recalls paper rejections accompanied by editorial comments that 'the topic is better suited for a journal in economic history'."
-Andrew Metrick and June Rhee, Annual Review of Financial Economics, 2018
The financial system has undergone far-reaching changes since the global financial crisis of 2007-2009. Read over 20 carefully curated articles in the collection marking the 10th anniversary of the Annual Review of Financial Economics below.
This collection supports two events co-hosted by the Annual Review of Financial Economics and the Annual Review of Economics. Follow the discussion on social media: #FinancialCrisisReview
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Deglobalization: The Rise of Disembedded Unilateralism
Harold James
Annual Review of Financial Economics, Volume 10, 2018
Deregulating Wall Street
Matthew Richardson, Kermit L. Schoenholtz, and Lawrence J. White
Annual Review of Financial Economics, Volume 10, 2018
Financial Crises
Gary Gorton
Annual Review of Financial Economics, Volume 10, 2018
Intermediary Asset Pricing and the Financial Crisis
Zhiguo He and Arvind Krishnamurthy
Annual Review of Financial Economics, Volume 10, 2018
Mortgage-Default Research and the Recent Foreclosure Crisis
Christopher L. Foote and Paul S. Willen
Annual Review of Financial Economics, Volume 10, 2018
Recent Research on Banks' Financial Reporting and Financial Stability
Stephen G. Ryan
Annual Review of Financial Economics, Volume 10, 2018
Regulatory Reform
Andrew Metrick and June Rhee
Annual Review of Financial Economics, Volume 10, 2018
Systemic Risk 10 Years Later
Robert Engle
Annual Review of Financial Economics, Volume 10, 2018
The Role of Housing and Mortgage Markets in the Financial Crisis
Manuel Adelino, Antoinette Schoar, and Felipe Severino
Annual Review of Financial Economics, Volume 10, 2018
Liquidity, Leverage, and Regulation 10 Years After the Global Financial Crisis
Tobias Adrian, John Kiff, and Hyun Song Shin
Annual Review of Financial Economics, Volume 10, 2018
An Overview of China's Financial System
Franklin Allen, Jun Qian, and Xian Gu
Annual Review of Financial Economics, Volume 9, 2017
Credit Default Swaps: Past, Present, and Future
Patrick Augustin, Marti G. Subrahmanyam, Dragon Y. Tang, and Sarah Q. Wang
Annual Review of Financial Economics, Volume 8, 2016
Behavioral Finance
David Hirshleifer
Annual Review of Financial Economics, Volume 7, 2015
Exchange-Traded Funds: An Overview of Institutions, Trading, and Impacts
Ananth Madhavan
Annual Review of Financial Economics, Volume 6, 2014
Credit Rating Agencies: An Overview
Lawrence J. White
Annual Review of Financial Economics, Volume 5, 2013
Fischer Black
Robert C. Merton and Myron S. Scholes
Annual Review of Financial Economics, Volume 5, 2013
Shadow Banking Regulation
Tobias Adrian and Adam B. Ashcraft
Annual Review of Financial Economics, Volume 4, 2012
My Life in Finance
Eugene F. Fama
Annual Review of Financial Economics, Volume 3, 2011
A Review of Empirical Capital Structure Research and Directions for the Future
John R. Graham and Mark T. Leary
Annual Review of Financial Economics, Volume 3, 2011
Portfolio Theory: As I Still See It
Harry M. Markowitz
Annual Review of Financial Economics, Volume 2, 2010
CEO Compensation
Carola Frydman and Dirk Jenter
Annual Review of Financial Economics, Volume 2, 2010
Consumer Finance
Peter Tufano
Annual Review of Financial Economics, Volume 1, 2009
Credit Risk Models
Robert A. Jarrow
Annual Review of Financial Economics, Volume 1, 2009
Annual Reviews is a nonprofit publisher dedicated to synthesizing and integrating knowledge for the progress of science and the benefit of society.