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Author: Robert Z. Aliber Publisher: Springer ISBN: 1137525746 Category : Business & Economics Languages : en Pages : 435
Book Description
This seventh edition of an investment classic has been thoroughly revised and expanded following the latest crises to hit international markets. Renowned economist Robert Z. Aliber introduces the concept that global financial crises in recent years are not independent events, but symptomatic of an inherent instability in the international system.
Author: Robert Z. Aliber Publisher: Springer ISBN: 1137525746 Category : Business & Economics Languages : en Pages : 435
Book Description
This seventh edition of an investment classic has been thoroughly revised and expanded following the latest crises to hit international markets. Renowned economist Robert Z. Aliber introduces the concept that global financial crises in recent years are not independent events, but symptomatic of an inherent instability in the international system.
Author: C. Kindleberger Publisher: Springer ISBN: 0230628044 Category : Business & Economics Languages : en Pages : 318
Book Description
Manias, Panics and Crashes , is a scholarly and entertaining account of the way that mismanagement of money and credit has led to financial explosions over the centuries. Covering such topics as the history and anatomy of crises, speculative manias, and the lender of last resort, this book has been hailed as 'a true classic...both timely and timeless.' In this new, updated fifth edition, Kindleberger and Aliber expand upon the ideas presented in the previous edition, and include two new chapters on the real estate price bubble that occurred in Norway, Sweden and Finland at the end of the 1980s, and the three asset price bubbles that occurred between 1985 and 2000 in Japan and other Asian countries. Selected as one of the best investment books of all time by the Financial Times, Manias, Panics and Crashes puts the turbulence of the financial world in perspective.
Author: Charles P. Kindleberger Publisher: ISBN: 9780333670408 Category : Business cycles Languages : en Pages : 263
Book Description
Economists mostly believe that financial markets are ruled by rationality after intelligent investors digest all the relevant information. Economic historians concede that this is generally the case but that, on occasion, these markets get caught up in herd behaviour, possibly irrational enough to be called manias, overdo bidding asset prices up, leading to consequent and subsequent collapse.
Author: Nicholas Burton Publisher: CRC Press ISBN: 135135244X Category : Business & Economics Languages : en Pages : 116
Book Description
Perhaps the most peculiar feature of a financial bubble – one that Charles Kindleberger's classic work Manias, Panics and Crashes draws particular attention to – is the inability of those trapped inside it to grasp the seriousness of their predicament. They know in principle that bubbles exist, and they know that the financial crashes that result from them are capable of destroying individuals' wealth and entire economies. Yet whenever and wherever a bubble begins to form, we're told that this time things are different, that there are sound reasons to continue to invest and to presume that prices will continue to rise steadily forever. Kindleberger's achievement is to use the critical thinking skill of evaluation to examine this strange mindset and the arguments advanced in support of it. He harshly judges the acceptability of the reasons used to create such arguments, and highlights the issues of relevance and adequacy that give us every reason to doubt them. Kindleberger also uses his powers of reasoning to effect an unusual achievement – writing a work soundly rooted in economics that nonetheless engages and convinces a non-specialist audience of the correctness of his arguments.
Author: Charles P. Kindleberger Publisher: New York : Basic Books ISBN: Category : Business & Economics Languages : en Pages : 296
Book Description
A leading economist-historian chronicles the world's financial crisis, from the early-eighteenth-century South Sea Bubble fiasco to the minipanics of the early 1970s, covering every aspect of speculative manias and panics.
Author: Adam Tooze Publisher: Penguin ISBN: 0525558802 Category : Business & Economics Languages : en Pages : 720
Book Description
WINNER OF THE LIONEL GELBER PRIZE A NEW YORK TIMES NOTABLE BOOK OF 2018 ONE OF THE ECONOMIST'S BOOKS OF THE YEAR A NEW YORK TIMES CRITICS' TOP BOOK "An intelligent explanation of the mechanisms that produced the crisis and the response to it...One of the great strengths of Tooze's book is to demonstrate the deeply intertwined nature of the European and American financial systems."--The New York Times Book Review From the prizewinning economic historian and author of Shutdown and The Deluge, an eye-opening reinterpretation of the 2008 economic crisis (and its ten-year aftermath) as a global event that directly led to the shockwaves being felt around the world today. We live in a world where dramatic shifts in the domestic and global economy command the headlines, from rollbacks in US banking regulations to tariffs that may ignite international trade wars. But current events have deep roots, and the key to navigating today’s roiling policies lies in the events that started it all—the 2008 economic crisis and its aftermath. Despite initial attempts to downplay the crisis as a local incident, what happened on Wall Street beginning in 2008 was, in fact, a dramatic caesura of global significance that spiraled around the world, from the financial markets of the UK and Europe to the factories and dockyards of Asia, the Middle East, and Latin America, forcing a rearrangement of global governance. With a historian’s eye for detail, connection, and consequence, Adam Tooze brings the story right up to today’s negotiations, actions, and threats—a much-needed perspective on a global catastrophe and its long-term consequences.
Author: Thomas P. Vartanian Publisher: Rowman & Littlefield ISBN: 1633886719 Category : Business & Economics Languages : en Pages : 462
Book Description
From 1819 to COVID-19, 200 Years of American Financial Panics offers a comprehensive historical account of financial panics in America. Through a meticulous dissection of historical events and the benefit of his experience handling many of the country’s largest bank failures, Thomas P. Vartanian reveals why so many more devastating financial crises have occurred in America than nearly every other country in the world. Vartanian provides extensive evidence of how the collision of policy-driven government actions and profit-oriented business performance have disrupted market equilibrium and made the U.S. system of financial oversight less effective and more susceptible to missing the signs of future financial crises, including policies that: imposed tariffs and chartered dozens of poorly regulated, uncapitalized state banks that facilitated panics in the 19th century; created ambivalence over whether gold, silver or paper money should be the preeminent form of payment, creating the perfect conditions for the depression of 1893; kept interest rates low to assist the central banks in England, Germany and France, allowing an overheated U.S. stock market to shift into overdrive and crash in 1929; planted the seeds of the S&L crisis more than twenty years before when Congress imposed artificial limits on deposit interest rates and the states capped mortgage interest rates to increase homeownership; pressured banks in the 1990’s to increase mortgage lending to increase home ownership while the Fed engaged in loose monetary policies, adding fuel to the greatest economic crisis since the Great Depression. 200 Years of American Financial Panics dissects financial crises in a way not attempted before, concluding that the pyramid of governmental oversight intended to foster economic safety and stability has been turned on its head to its detriment. Vartanian provides readers with a unique list of practical solutions. Most importantly, his analysis of financial technology, from artificial intelligence and Big Data to cryptocurrencies and quantum computing, forecasts how financial markets and government regulation will change. 200 Years of American Financial Panics is a must read for anyone that wants to understand their money, financial markets, and how they are going to change in the future.
Author: Raymond B. Vickers Publisher: University of Alabama Press ISBN: 9780817307233 Category : Business & Economics Languages : en Pages : 350
Book Description
Even when lawsuits disclosed the chicanery, state and federal regulators misled the public. Despite the official denials, the public panicked. The ensuing runs caused the banking crash.
Author: Robert Z. Aliber
Author: Robert Z. Aliber
Author: C. Kindleberger
Author: Charles P. Kindleberger
Author: Nicholas Burton
Author: Chris Drake
Author: Charles P. Kindleberger
Author: Adam Tooze
Author: Thomas P. Vartanian
Author: Raymond B. Vickers
Author: Eugene Nelson White