Author: Youssef Cassis Publisher: ISBN: 9780191913495 Category : Collective memory Languages : en Pages : 240
Book Description
How do people remember financial crisis? Do these memories affect how policy-makers and the public respond to crises, or is the past used in different ways by different actors? This volume examines a range of cases of financial crisis where either the past has been remembered, forgotten, used, or dismissed to try to begin to answer these questions.
Author: Youssef Cassis Publisher: Oxford University Press ISBN: 0192643959 Category : Business & Economics Languages : en Pages : 240
Book Description
The chapters in this book reflect on people's relationships with past financial crises - from public opinion to business leaders and policy makers. In connection with financial crises, Remembering and Learning from Financial Crises addresses three fundamental questions: first, are financial crises remembered, and if so how? Second, have lessons been drawn from past financial crises? And third, have past experiences been used in order to make practical decisions when confronted with a new crisis? These questions are of course related, yet they have been approached from different historical perspectives, using methodologies borrowed from different academic disciplines. One of the objectives of this book is to explore how these approaches can complement each other in order to better understand the relationships between remembering and learning from financial crises and how the past is used by financial institutions. It thus recognises financial crisis as a recurring phenomenon and addresses the impact that this has in a range of public and policy contexts.
Author: Gary B. Gorton Publisher: University of Chicago Press ISBN: 022678620X Category : Business & Economics Languages : en Pages : 245
Book Description
If you’ve got money in the bank, chances are you’ve never seriously worried about not being able to withdraw it. But there was a time in the United States, an era that ended just over a hundred years ago, when bank customers had to pay close attention to the solvency of the banking system, knowing they might have to rush to retrieve their savings before the bank collapsed. During the National Banking Era (1863–1913), before the establishment of the Federal Reserve, widespread banking panics were indeed rather common. Yet these pre-Fed banking panics, as Gary B. Gorton and Ellis W. Tallman show, bear striking similarities to our recent financial crisis. Fighting Financial Crises thus turns to the past to better understand our uncertain present, investigating how panics during the National Banking Era played out and how they were eventually quelled and prevented. The authors then consider the Fed’s and the SEC’s reactions to the recent crisis, building an informative new perspective on how the modern economy works.
Author: Robert F. Bruner Publisher: John Wiley & Sons ISBN: 0470452587 Category : Business & Economics Languages : en Pages : 296
Book Description
"Before reading The Panic of 1907, the year 1907 seemed like a long time ago and a different world. The authors, however, bring this story alive in a fast-moving book, and the reader sees how events of that time are very relevant for today's financial world. In spite of all of our advances, including a stronger monetary system and modern tools for managing risk, Bruner and Carr help us understand that we are not immune to a future crisis." —Dwight B. Crane, Baker Foundation Professor, Harvard Business School "Bruner and Carr provide a thorough, masterly, and highly readable account of the 1907 crisis and its management by the great private banker J. P. Morgan. Congress heeded the lessons of 1907, launching the Federal Reserve System in 1913 to prevent banking panics and foster financial stability. We still have financial problems. But because of 1907 and Morgan, a century later we have a respected central bank as well as greater confidence in our money and our banks than our great-grandparents had in theirs." —Richard Sylla, Henry Kaufman Professor of the History of Financial Institutions and Markets, and Professor of Economics, Stern School of Business, New York University "A fascinating portrayal of the events and personalities of the crisis and panic of 1907. Lessons learned and parallels to the present have great relevance. Crises and panics are as much a part of our future as our past." —John Strangfeld, Vice Chairman, Prudential Financial "Who would have thought that a hundred years after the Panic of 1907 so much remained to be written about it? Bruner and Carr break significant new ground because they are willing to do the heavy lifting of combing through massive archival material to identify and weave together important facts. Their book will be of interest not only to banking theorists and financial historians, but also to business school and economics students, for its rare ability to teach so clearly why and how a panic unfolds." —Charles Calomiris, Henry Kaufman Professor of Financial Institutions, Columbia University, Graduate School of Business
Author: Christopher Kobrak Publisher: Routledge ISBN: 1317981650 Category : Business & Economics Languages : en Pages : 152
Book Description
One striking weaknesses of our financial architecture, which helped bring on and perhaps deepen the Panic of 2008, is an inadequate appreciation of the past. Information about how the system functioned and the reliability of organizations and institutional controls were drawn from a relatively narrow group of recent examples. History and Financial Crisis: Lessons from the 20th Century is an attempt to broaden the range of historical sources used by policy makers to understand and treat financial crises. Many recent discussions of the 2008 panic and the economic turmoil have found the situation to either be unprecedented or greatly similar to that of 1931. However, the book's wide range of contributors suggest that the economic crisis of 2008 cannot be categorised in this way. This book was originally published as a special issue of Business History.
Author: Youssef Cassis Publisher: Oxford University Press ISBN: 0198870906 Category : Business & Economics Languages : en Pages : 228
Book Description
The chapters in this book reflect on people's relationships with past financial crises - from public opinion to business leaders and policy makers. In connection with financial crises, Remembering and Learning from Financial Crises addresses three fundamental questions: first, are financial crises remembered, and if so how? Second, have lessons been drawn from past financial crises? And third, have past experiences been used in order to make practical decisions when confronted with a new crisis? These questions are of course related, yet they have been approached from different historical perspectives, using methodologies borrowed from different academic disciplines. One of the objectives of this book is to explore how these approaches can complement each other in order to better understand the relationships between remembering and learning from financial crises and how the past is used by financial institutions. It thus recognises financial crisis as a recurring phenomenon and addresses the impact that this has in a range of public and policy contexts.
Author: Youssef Cassis Publisher: Bloomsbury Publishing ISBN: 075562663X Category : Political Science Languages : en Pages : 241
Book Description
Much has been written on the financial crisis of 2008 – the most severe economic downturn since the Great Depression – analysing its causes and the risks for the future of the global economy. This book takes an alternative approach which focuses on the legacy of the global financial crisis, what is remembered and what lessons have been drawn from it. This volume provides perspectives on this legacy from a variety of contributors including central bankers, regulators, politicians, academics, and journalists. They offer insight into what remains of the crisis in terms of public and industry awareness, changes to the post-2008 financial architecture, lessons from the national experiences of highly exposed small economies, and considers this legacy in terms of oversight by regulatory regimes. These diverse perspectives are drawn together here to ask how we can ensure that these lessons will be transmitted to the new generation of global financiers.
Author: Charles P. Kindleberger Publisher: Wiley ISBN: 9780471389460 Category : Business & Economics Languages : en Pages : 0
Book Description
The best known and most highly regarded book on financial crises Financial crises and speculative excess can be traced back to the very beginning of trade and commerce. Since its introduction in 1978, this book has charted and followed this volatile world of financial markets. Charles Kindleberger's brilliant, panoramic history revealed how financial crises follow a nature-like rhythm: they peak and purge, swell and storm. Now this newly revised and expanded Fourth Edition probes the most recent "natural disasters" of the markets--from the difficulties in East Asia and the repercussions of the Mexican crisis to the 1992 Sterling crisis. His sharply drawn history confronts a host of key questions. Charles P. Kindleberger (Boston, MA) was the Ford Professor of Economics at MIT for thirty-three years. He is a financial historian and prolific writer who has published over twenty-four books.
Author: Robert Z. Aliber Publisher: Springer ISBN: 1137525746 Category : Business & Economics Languages : en Pages : 426
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: Youssef Cassis
Author: Youssef Cassis
Author: Gary B. Gorton
Author: Robert F. Bruner
Author: Christopher Kobrak
Author: Youssef Cassis![Financial crises : lessons from the past, preparation for the future : [based on the six annual financial markets and development conference held in April 26-27, 2005 [sic] in Washington, D.C.] PDF](https://books.google.com/books/content/images/frontcover/uMD3vgEACAAJ?fife=w80-h100)
Author: 
Author: Youssef Cassis
Author: Charles P. Kindleberger
Author: Robert Z. Aliber