%0 Journal Article %T Financial Crises %A Gary Gorton %J - %D 2018 %R 10.1146/annurev-financial-110217-022552 %X Financial crises are runs on short-term debt. Whatever its form, short-term debt is an inherent feature of a market economy. A run is an information event in which holders of short-term debt no lon.. %U https://www.annualreviews.org/doi/abs/10.1146/annurev-financial-110217-022552