A History of Financial Crises

A History of Financial Crises

4.11 - 1251 ratings - Source

qqOnce-in-a-lifetimeq financial crises have been a recurrent part of life in the last three decades. It is no longer possible to dismiss or ignore them as aberrations in an otherwise well-functioning system. Nor are they peculiar to recent times. Going back in history, asset price bubbles and bank-runs have been an endemic feature of the capitalist system over the last four centuries. The historical record offers a treasure trove of experience that may shed light on how and why financial crises happen and what can be done to avoid them - provided we are willing to learn from history. This book analyses divergent interpretations of the historical record in relation to how markets function, the significance of market imperfections, economic decision-making process, the role of the government, and evolutionary dynamics of the capitalist system. It is written for university students and demonstrates that the discipline of economics is far more diverse than standard textbooks may convey. The theoretical and historical content of this book complements economics, history and political science curriculumq--US stock market peaks. Clarence Hatrya#39;s empire fails; London Stock Exchange crashes. ... Nationwide bank holiday declared; Congress passes Emergency Banking Act. Congress passes Banking Act of 1933 (Glassa€“Steagall Act). Key termsanbsp;...

Title:A History of Financial Crises
Author:Cihan Bilginsoy
Publisher:Routledge - 2014-11-27


You Must CONTINUE and create a free account to access unlimited downloads & streaming