The Media and Financial Crises provides unique insights into the debate on the role of the media in the global financial crisis. Coverage is inter-disciplinary, with contributions from media studies, political economy and journalists themselves. It features a wide range of countries, including the USA, UK, Ireland, Greece, Spain and Australia, and a completely new history of financial crises in the British press over 150 years. Editors Steve Schifferes and Richard Roberts have assembled an expert set of contributors, including Joseph E Stiglitz and Lionel Barber, editor of the Financial Times. The role of the media has been central in shaping our response to the financial crisis. Examining its performance in comparative and historical perspectives is crucial to ensuring that the media does a better job next time.The book has five distinct parts:The Banking Crisis and the MediaThe Euro-Crisis and the MediaChallenges for the MediaThe Lessons of HistoryMedia Messengers Under InterrogationThe Media and Financial Crises offers broad and coherent coverage, making it ideal for both students and scholars of financial journalism, journalism studies, media studies, and media and economic history.

Editors' Introduction STEVE SCHIFFERES and RICHARD ROBERTS Overview: Soothsayers of Doom? LIONEL BARBER PART I The Banking Crisis and the Media 1. Willful Blindness: The Media's Power Problem DEAN STARKMAN 2. Why the Media Got It Right CHRIS ROUSH 3. The US Media and the 2009 Stimulus Package ANYA SCHIFFRIN 4. The British Media and the 'First Crisis of Globalization' STEVE SCHIFFERES and SOPHIE KNOWLES 5. From Wall Street to Main Street: Australian Finance and Business Journalism and the Crisis MICHAEL BROMLEY PART II The Euro-Crisis and the Media 6. The Irish Press, Politicians, and the Celtic Tiger Economy MARK O'BRIEN 7. The Spanish Press: No Illusions ÁNGEL ARRESE 8. European Media Views of the Greek Crisis STYLIANOS PAPATHANASSOPOULOS PART III Challenges for the Media 9. What Are Financial Journalists For? DAMIAN TAMBINI 10. The Media and the Crisis: An Information Theoretic Approach JOSEPH E. STIGLITZ 11.Why the Public Doesn't Trust the Business Press STEVE SCHIFFERES 12. The Mediation of Financial Information Flows: Traders, Analysts, Journalists PETER A. THOMPSON 13. Paying for Crisis News: The Dilemmas of News Organizations GERBEN BAKKER PART IV The Lessons of History 14. Financial Crises and the Birth of the Financial Press, 1825-1880 JAMES TAYLOR 15. Boom, Crisis, Bust: Speculators, Promoters, and City Journalists, 1880-1914 JAMES NYE 16. 'Run on the Bank': Covering the 1914 Financial Crisis RICHARD ROBERTS 17. The Pound and the Press, 1919-1972 RICHARD ROBERTS 18. 'Goodbye, Great Britain'? The Press, the Treasury, and the1976 IMF Crisis DUNCAN NEEDHAM PART V Media Messengers Under Interrogation 19 UK Financial Journalists Quizzed by MPs EDITED BY JEFF HULBERT