The Noneconomic Costs of Financial Crises

70 Vand. L. Rev. En Banc 261, 2017

UC Hastings Research Paper No. 261

5 Pages Posted: 1 Dec 2017 Last revised: 12 Jan 2018

Date Written: November 28, 2017

Abstract

Financial crises can wreak havoc on an economy, but they can also generate significant costs that are not directly captured by economic variables: psychic harms to those who lose their homes or jobs, and a deterioration in public faith in key societal institutions. Because of this, we should place a thumb on the scale in favor of panic prevention when weighing the costs of financial regulation.

Keywords: financial regulation

Suggested Citation

Crawford, John, The Noneconomic Costs of Financial Crises (November 28, 2017). 70 Vand. L. Rev. En Banc 261, 2017, UC Hastings Research Paper No. 261, Available at SSRN: https://ssrn.com/abstract=3079041

John Crawford (Contact Author)

UC Law, San Francisco ( email )

200 McAllister Street
San Francisco, CA 94102
United States

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