Executive Editor: Andrew Metrick, Yale School of Management
Managing Editor: Rosalind Z. Wiggins, Yale School of Management
Administrative Editor: Alexander Nye, Yale School of Management

The Journal of Financial Crises (JFC) is an online publication of the Yale Program on Financial Stability (YPFS) and it seeks to create, preserve, and disseminate knowledge about financial crises. We primarily serve as a vehicle for distributing the case studies and surveys of crisis interventions produced by the YPFS staff, but also encourage submissions from outside of Yale. For these submissions, we hope to be an outlet for descriptive and policy-relevant research that might not fit the template of a traditional academic journal. In particular, we aim to publish the useful research done in Central Banks and international agencies that deserves wider distribution. Submissions are reviewed by journal editors and YPFS staff —we will not ordinarily use external referees.

See About This Journal for a complete description of the journal.

Call for Submissions

Current Issue: Volume 3, Issue 1 (2021)



Stress Tests and Policy
Greg Feldberg and Andrew Metrick

Case Studies


The Rescue of American International Group Module Z: Overview
Rosalind Z. Wiggins, Aidan Lawson, Steven Kelly, Lily S. Engbith, and Andrew Metrick


The Rescue of Fannie Mae and Freddie Mac – Module Z: Overview
Rosalind Z. Wiggins, Ben Henken, Adam Kulam, Daniel Thompson, and Andrew Metrick

Lessons Learned


Lessons Learned: Sarah Dahlgren
Alec Buchholtz and Rosalind Z. Wiggins