The Panic of 1907: Lessons Learned from the Market's Perfect Storm

Robert F. Bruner and Sean D. Carr, THE PANIC OF 1907: LESSONS FROM THE MARKET'S PERFECT STORM, New York: John Wiley & Sons, 2007

14 Pages Posted: 17 Sep 2007

See all articles by Robert F. Bruner

Robert F. Bruner

University of Virginia - Darden School of Business

Sean Carr

University of Virginia - Darden School of Business

Abstract

This paper, which is the introductory chapter in our book, "The Panic of 1907: Lessons Learned from the Market's Perfect Storm", from John Wiley & Sons, sketches the events of the panic and outlines seven drivers of financial crises. These drivers are apparent in this specific crisis, and they have been identified in research: 1) system complexity; 2) buoyant growth; 3) inadequate slack; 4) adverse leadership; 5) cognitive biases; 6) real economic shock; and 7) failure of collective action.

The downloadable document contains the table of contents and introductory chapter.

Suggested Citation

Bruner, Robert F. and Carr, Sean, The Panic of 1907: Lessons Learned from the Market's Perfect Storm. Robert F. Bruner and Sean D. Carr, THE PANIC OF 1907: LESSONS FROM THE MARKET'S PERFECT STORM, New York: John Wiley & Sons, 2007, Available at SSRN: https://ssrn.com/abstract=1015181

Robert F. Bruner (Contact Author)

University of Virginia - Darden School of Business ( email )

P.O. Box 6550
Charlottesville, VA 22906-6550
United States
434-924-3823 (Phone)
434-924-0714 (Fax)

HOME PAGE: http://faculty.darden.edu/brunerb/

Sean Carr

University of Virginia - Darden School of Business ( email )

P.O. Box 6550
Charlottesville, VA 22906-6550
United States
434-924-4812 (Phone)

HOME PAGE: http://www.batteninstitute.org

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