Manias, Panics and Crashes

A History of Financial Crises, Sixth Edition

Author: Charles P. Kindleberger,Robert Z. Aliber

Publisher: Palgrave Macmillan

ISBN: 0230365353

Category: Business & Economics

Page: 356

View: 3748

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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. Here is a vivid and entertaining account of how reckless decisions and a poor handling of money have led to financial explosions over the centuries. Covering topics such 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 sixth edition, Kindleberger and Aliber expand upon the ideas presented in the previous edition to bring the history of the financial crisis up-to-date. It now includes two new chapters that provide an in-depth analysis of the causes, consequences and policy responses to the first global crisis of the 21st century, the Financial Crisis of 2007-2008. In addition, these new chapters also cover significant crises of the last fifteen years. The authors offer valuable lessons that will allow the reader to successfully navigate the financial crises of today and ones that lie ahead.

Manias, Panics and Crashes

A History of Financial Crises, Sixth Edition

Author: Charles P. Kindleberger,Robert Z. Aliber

Publisher: Palgrave Macmillan

ISBN: 0230367569

Category: Business & Economics

Page: 368

View: 5972

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This sixth edition has been revised and expanded to bring the history of financial crisis up to date, covering such topics as speculative manias, the lender of last resort and the case of Lehman Brothers. Ths highly anticipated volume has been hailed as 'a true classic...both timely and timeless.'

Manias, Panics and Crashes

A History of Financial Crises, Sixth Edition

Author: Charles P. Kindleberger,Robert Z. Aliber

Publisher: Palgrave Macmillan

ISBN: 0230365388

Category: Business & Economics

Page: 368

View: 6109

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This sixth edition has been revised and expanded to bring the history of financial crisis up to date, covering such topics as speculative manias, the lender of last resort and the case of Lehman Brothers. This highly anticipated volume has been hailed as 'a true classic...both timely and timeless.'

Manias, Panics and Crashes

A History of Financial Crises

Author: Charles Poor Kindleberger

Publisher: Springer

ISBN: 134920319X

Category: Business & Economics

Page: 302

View: 2587

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Written by the author of "A Financial History of Western Europe", this is a book about financial crises. As a series of financial crises has been unfolding since 1978 the author decided upon a revised edition.

Discourses of Denial

Mediations of Race, Gender, and Violence

Author: Yasmin Jiwani

Publisher: UBC Press

ISBN: 0774840943

Category: Social Science

Page: 280

View: 4627

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Enriched by its official policies of multiculturalism, gender equality, and human rights, the Canadian public is occasionally shocked by glaring acts of racist and sexist violence brought to their attention by the sensationalist media. But nobody pauses to consider the historical antecedents and root causes of these tragedies. Discourses of Denial uncovers how racism, sexism, and violence interweave deep within the foundations of our society. Using examples from the lives of immigrant girls and women of colour, Yasmin Jiwani considers the way accepted definitions of race and gender shape and influence public consciousness. In linking race, gender, and violence, this book makes an important contribution to our understanding of the complex and interconnected influences that shape the violence of contemporary social reality and that contour the lives of racialized women.

This Time Is Different

Eight Centuries of Financial Folly

Author: Carmen M. Reinhart,Kenneth Rogoff

Publisher: Princeton University Press

ISBN: 0691152640

Category: Business & Economics

Page: 463

View: 9613

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Examines financial crises of the past and discusses similarities between these events and the current crisis, presenting and comparing historical patterns in bank failures, inflation, debt, currency, housing, employment, and government spending.

A Short History of Financial Euphoria

Author: John Kenneth Galbraith

Publisher: Penguin

ISBN: 110165080X

Category: Business & Economics

Page: 128

View: 2406

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The world-renowned economist offers "dourly irreverent analyses of financial debacle from the tulip craze of the seventeenth century to the recent plague of junk bonds."—The Atlantic.

Manias, Panics and Crashes - refer to 9780230365353

A History of Financial Crises

Author: Robert Z. Aliber,Charles P. Kindleberger

Publisher: Palgrave Macmillan

ISBN: 9780230575974

Category: Business & Economics

Page: 360

View: 4819

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Manias, Panics and Crashes, is a vivid 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.

The World in Depression, 1929-1939

Author: Charles Poor Kindleberger

Publisher: Univ of California Press

ISBN: 9780520055926

Category: History

Page: 355

View: 6654

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"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

Bubbles, Booms, and Busts

The Rise and Fall of Financial Assets

Author: Donald RAPP

Publisher: Springer

ISBN: 1493910922

Category: Business & Economics

Page: 351

View: 7860

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This book deals at some length with the question: Since there are many more poor than rich, why don’t the poor just tax the rich heavily and reduce the inequality? In the 19th century and the first half of the 20th century, the topic of inequality was discussed widely. Ending or reducing inequality was a prime motivating factor in the emergence of communism and socialism. The book discusses why later in the 20th century, inequality has faded out as an issue. Extensive tables and graphs of data are presented showing the extent of inequality in America, as well as globally. It is shown that a combination of low taxes on capital gains contributed to a series of real estate and stock bubbles that provided great wealth to the top tiers, while real income for average workers stagnated. Improved commercial efficiency due to computers, electronics, the Internet and fast transport allowed production and distribution with fewer workers, just as the advent of electrification, mechanization, production lines, vehicles and trains in the 1920s and 1930s produced the same stagnating effect.

Panic on Wall Street

A History of America's Financial Disasters

Author: Robert Sobel

Publisher: Beard Books

ISBN: 9781893122468

Category: Business & Economics

Page: 469

View: 1527

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A Critical History of Financial Crises

Why Would Politicians and Regulators Spoil Financial Giants?

Author: Haim Kedar-Levy

Publisher: World Scientific

ISBN: 1908977477

Category: Business & Economics

Page: 250

View: 4810

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"While each financial crisis is unique and has its own special features, there are a lot of similarities in the dynamics leading to a crisis and also in their resolutions. Some of the financial crises are caused by the lack of appropriate regulation, but often the regulators were ignoring the signals of imminent crises, while serving implicitly or explicitly, the financial industry. In his book, Prof. Kedar-Levy is providing a fresh look at many famous financial crises around the globe, analysing their causes and effects. The special role of regulators is highlighted, including the "Capture Theory" in practice. This book is suitable for economist as well as for those interested in economic history, and for all those concerned with the stability of current international financial markets. Professor Dan GalaiThe Hebrew University, Jerusalem"--

A Financial History of Western Europe

Author: Charles P. Kindleberger,Ford International Professor of Economics Deparment of Economics Charles P Kindleberger

Publisher: Routledge

ISBN: 1136805788

Category: Business & Economics

Page: 543

View: 1030

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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 Power of Gold

The History of an Obsession

Author: Peter L. Bernstein

Publisher: John Wiley & Sons

ISBN: 1118282698

Category: Business & Economics

Page: 448

View: 8430

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"The need for realism in reform of its monetary system is what makes Bernstein’s story of the Power of Gold so timely. It is a compelling reminder that maintaining a fixed price for gold and fixed exchange rates were difficult even in a simpler financial environment….Peter Bernstein was reluctant to project the story of gold into the future. But to me his message was clear. Yes, gold will be with us, valued not only for its intrinsic qualities but as a last refuge and store of value in turbulent times. But its days as money, as a means of payment and a fixed unit of account are gone." —From the New Foreword by Paul Volcker This bestselling book reveals a record of human nature in the ubiquity of gold with a new foreword by Paul Volcker In this exciting book, the late Peter L. Bernstein tells the story of history's most coveted, celebrated, and inglorious asset: gold. From the ancient fascinations of Moses and Midas through the modern convulsions caused by the gold standard and its aftermath, gold has led many of its most eager and proud possessors to a bad end. And while the same cycle of obsession and desperation may reverberate in today's fast-moving, electronically-driven markets, the role of gold in shaping human history is the striking feature of this tumultuous tale. Such is the power of gold. Whether it is Egyptian pharaohs with depraved tastes, the luxury-mad survivors of the Black Death, the Chinese inventor of paper money, the pirates on the Spanish Main, or the hardnosed believers in the international gold standard, gold has been the supreme possession. It has been an icon for greed and an emblem of rectitude, as well as a vehicle for vanity and a badge of power that has shaped the destiny of humanity through the ages. Discusses the beginnings of gold as something with magical, religious, and artistic qualities and follows its trail as we progress to the invention of coinage, the transformation of gold into money, and the gold standard Other bestselling books by the late Peter Bernstein: Against the Gods, Capital Ideas, and Capital Ideas Evolving Contemplates gold from the diverse perspectives of monarchs and moneyers, potentates and politicians, men of legendary wealth and others of more plebeian beginnings Far more than a tale of romantic myths, daring explorations, and the history of money and power struggles, The Power of Gold suggests that the true significance of this infamous element may lie in the timeless passions it continues to evoke, and what this reveals about ourselves.

Misunderstanding Financial Crises

Why We Don't See Them Coming

Author: Gary B. Gorton

Publisher: Oxford University Press

ISBN: 0199986886

Category: Business & Economics

Page: 296

View: 2097

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Before 2007, economists thought that financial crises would never happen again in the United States, that such upheavals were a thing of the past. Gary B. Gorton, a prominent expert on financial crises, argues that economists fundamentally misunderstand what they are, why they occur, and why there were none in the U.S. from 1934 to 2007. Misunderstanding Financial Crises offers a back-to-basics overview of financial crises, and shows that they are not rare, idiosyncratic events caused by a perfect storm of unconnected factors. Instead, Gorton shows how financial crises are, indeed, inherent to our financial system. Economists, Gorton writes, looked from a certain point of view and missed everything that was important: the evolution of capital markets and the banking system, the existence of new financial instruments, and the size of certain money markets like the sale and repurchase market. Comparing the so-called "Quiet Period" of 1934 to 2007, when there were no systemic crises, to the "Panic of 2007-2008," Gorton ties together key issues like bank debt and liquidity, credit booms and manias, moral hazard, and too-big-too-fail--all to illustrate the true causes of financial collapse. He argues that the successful regulation that prevented crises since 1934 did not adequately keep pace with innovation in the financial sector, due in part to the misunderstandings of economists, who assured regulators that all was well. Gorton also looks forward to offer both a better way for economists to think about markets and a description of the regulation necessary to address the future threat of financial disaster.

Boombustology

Spotting Financial Bubbles Before They Burst

Author: Vikram Mansharamani

Publisher: John Wiley & Sons

ISBN: 9781118028575

Category: Business & Economics

Page: 288

View: 9978

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A multi-disciplinary framework through which to spot financial bubbles before they burst. Based on a popular undergraduate seminar, entitled Financial Booms & Busts, taught by the author at Yale University, Boombustology presents a multi-disciplinary framework for identifying unsustainable booms and forthcoming busts. The magnitude of our recent financial crisis mandates a firm understanding of this phenomenon before the next crisis occurs. Boombustology provides an in-depth look at several major booms and busts and offers a solid framework for thinking about future occurrences. Examines why booms and busts are not random and can therefore be identified Focuses upon various theoretical and disciplinary lenses useful in the study of booms and busts Contains a framework for thinking about and identifying forthcoming financial bubbles including several tell-tale indicators of a forthcoming bust. Illustrates the framework in action by evaluating China as a potential bubble in the making. If you want to make better decisions in today’s turbulent investment environment, understanding the dynamics of booms and busts is the best place the start. Boombustology can help you achieve this elusive goal. Vikram Mansharamani is a Lecturer at Yale University and a global equity investor.

Manias, Panics and Crashes

A History of Financial Crises

Author: Nicholas Pierpan

Publisher: CRC Press

ISBN: 135135244X

Category: Business & Economics

Page: 106

View: 4976

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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 Ascent of Money

A Financial History of the World

Author: Niall Ferguson

Publisher: Penguin

ISBN: 9781440654022

Category: History

Page: 448

View: 8801

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A richly original look at the origins of money and how it makes the world go round Niall Ferguson follows the money to tell the human story behind the evolution of our financial system, from its genesis in ancient Mesopotamia to the latest upheavals on what he calls Planet Finance. What's more, Ferguson reveals financial history as the essential backstory behind all history, arguing that the evolution of credit and debt was as important as any technological innovation in the rise of civilization. As Ferguson traces the crisis from ancient Egypt's Memphis to today's Chongqing, he offers bold and compelling new insights into the rise--and fall--of not just money but Western power as well.

Manias, Panics and Crashes

A History of Financial Crises, Sixth Edition

Author: Charles P. Kindleberger,Robert Z. Aliber

Publisher: Palgrave Macmillan

ISBN: 0230365353

Category: Business & Economics

Page: 356

View: 8376

DOWNLOAD NOW »
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. Here is a vivid and entertaining account of how reckless decisions and a poor handling of money have led to financial explosions over the centuries. Covering topics such 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 sixth edition, Kindleberger and Aliber expand upon the ideas presented in the previous edition to bring the history of the financial crisis up-to-date. It now includes two new chapters that provide an in-depth analysis of the causes, consequences and policy responses to the first global crisis of the 21st century, the Financial Crisis of 2007-2008. In addition, these new chapters also cover significant crises of the last fifteen years. The authors offer valuable lessons that will allow the reader to successfully navigate the financial crises of today and ones that lie ahead.