Manias, Panics, and Crashes

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.

This Time Is Different

Author: Carmen M. Reinhart
Publisher: Princeton University Press
ISBN: 0691152640
Category : Business & Economics
Languages : en
Pages : 513

Book Description
An empirical investigation of financial crises during the last 800 years.

An Analysis of Charles P. Kindleberger's Manias, Panics, and Crashes

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.

The World in Depression, 1929-1939

Author: Charles Poor Kindleberger
Publisher: Univ of California Press
ISBN: 9780520055919
Category : Business & Economics
Languages : en
Pages : 392

Book Description
"The World in Depression is the best book on the subject, and the subject, in turn, is the economically decisive decade of the century so far."--John Kenneth Galbraith

Boom and Bust

Author: William Quinn
Publisher: Cambridge University Press
ISBN: 1108369359
Category : Business & Economics
Languages : en
Pages : 297

Book Description
Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? In order to answer these questions, William Quinn and John D. Turner take us on a riveting ride through the history of financial bubbles, visiting, among other places, Paris and London in 1720, Latin America in the 1820s, Melbourne in the 1880s, New York in the 1920s, Tokyo in the 1980s, Silicon Valley in the 1990s and Shanghai in the 2000s. As they do so, they help us understand why bubbles happen, and why some have catastrophic economic, social and political consequences whilst others have actually benefited society. They reveal that bubbles start when investors and speculators react to new technology or political initiatives, showing that our ability to predict future bubbles will ultimately come down to being able to predict these sparks.

Money Mania

Author: Bob Swarup
Publisher: Bloomsbury Publishing USA
ISBN: 1608198413
Category : Business & Economics
Languages : en
Pages : 321

Book Description
From ancient Rome to the Great Meltdown of 2008, this account of financial crises throughout history reveals the common human foibles that drive economic booms and busts.

A Financial History of Western Europe

Author: Charles P. Kindleberger
Publisher: Routledge
ISBN: 1136805788
Category : Business & Economics
Languages : en
Pages : 548

Book Description
This is the first history of finance - broadly defined to include money, banking, capital markets, public and private finance, international transfers etc. - that covers Western Europe (with an occasional glance at the western hemisphere) and half a millennium. Charles Kindleberger highlights the development of financial institutions to meet emerging needs, and the similarities and contrasts in the handling of financial problems such as transferring resources from one country to another, stimulating investment, or financing war and cleaning up the resulting monetary mess. The first half of the book covers money, banking and finance from 1450 to 1913; the second deals in considerably finer detail with the twentieth century. This major work casts current issues in historical perspective and throws light on the fascinating, and far from orderly, evolution of financial institutions and the management of financial problems. Comprehensive, critical and cosmopolitan, this book is both an outstanding work of reference and essential reading for all those involved in the study and practice of finance, be they economic historians, financial experts, scholarly bankers or students of money and banking. This groundbreaking work was first published in 1984.

The Age of Instability

Author: David Smith
Publisher: Profile Books
ISBN: 1847651917
Category : Business & Economics
Languages : en
Pages : 305

Book Description
Bored with endless grandstanding and people being wise after the event? Then The Age of Instability is the one book you should read on the financial crisis. Setting the near collapse of the international financial markets and banking system in a global and historical context, Sunday Times economics editor and bestselling author David Smith looks not only at the political and economic factors that contributed to the fall of Lehmans, collapse of Iceland and disintegration of the subprime mortgage market but also at the emergence of a culture of risk and greed that made it possible to believe that greed was good and the good times would last forever. It provides an authoritative yet accessible guide to what happened, where, and when with practical suggestions for what needs to happen next.

Pragmatic Capitalism

Author: Cullen Roche
Publisher: Macmillan
ISBN: 1137279311
Category : Business & Economics
Languages : en
Pages : 252

Book Description
An insightful and original look at why understanding macroeconomics is essential for all investors

Famous First Bubbles

Author: Peter M. Garber
Publisher: MIT Press
ISBN: 9780262571531
Category : Business & Economics
Languages : en
Pages : 180

Book Description
The jargon of economics and finance contains numerous colorful terms for market-asset prices at odds with any reasonable economic explanation. Examples include "bubble," "tulipmania," "chain letter," "Ponzi scheme," "panic," "crash," "herding," and "irrational exuberance." Although such a term suggests that an event is inexplicably crowd-driven, what it really means, claims Peter Garber, is that we have grasped a near-empty explanation rather than expend the effort to understand the event. In this book Garber offers market-fundamental explanations for the three most famous bubbles: the Dutch Tulipmania (1634-1637), the Mississippi Bubble (1719-1720), and the closely connected South Sea Bubble (1720). He focuses most closely on the Tulipmania because it is the event that most modern observers view as clearly crazy. Comparing the pattern of price declines for initially rare eighteenth-century bulbs to that of seventeenth-century bulbs, he concludes that the extremely high prices for rare bulbs and their rapid decline reflects normal pricing behavior. In the cases of the Mississippi and South Sea Bubbles, he describes the asset markets and financial manipulations involved in these episodes and casts them as market fundamentals.