Title A great deal of ruin : financial crises since 1929 / James Gerber

Published Cambridge : Cambridge University Press, 2019

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Description 1 online resource (348 pages) Contents Part I. Financial Crises: -- Categories and risk factors -- Growth, globalization, and financial crises -- Part II. Five Case Studies: -- The Great Depression, 1929-1939 -- The Latin American Debt Crisis, 1982-1989 -- The Asian Crisis, 1997-1999 -- The Subprime Crisis in the United States -- The financial crisis in Europe -- Part III. Lessons: -- Markets do not self-regulate -- Shadow banks are banks -- Banks need more capital, less debt -- Monetary policy does not always work -- Fiscal multipliers are larger than expected -- Monetary integration requires fiscal integration -- Open capital markets can be dangerous -- Not all debt is created equal Summary A Great Deal of Ruin provides an accessible introduction to the enduring problem of financial crises. Illustrated with historical analysis, case studies, and clear economic concepts, this book explains in three parts what financial crises are, how they are caused and what we can learn from them. It begins with a taxonomy of crises and a list of factors that increase the risk for countries experiencing a financial crisis. It then examines five of the most important crises in modern economic history, beginning with the Great Depression and ending with the subprime crisis in the United States and its evolution into a debt crisis in the Eurozone. The book concludes with a set of lessons that can be learnt from the crises of the past. It will appeal to university students as well as general readers who are curious to learn more about the recent subprime crisis and other financial crises Notes Title from publisher's bibliographic system (viewed on 30 Aug 2019) Bibliography Includes bibliographical references (pages 306-326) and index Subject Financial crises. Business cycles. Banks and banking -- History -- 20th century Banks and banking -- History -- 21st century Capital investments -- History -- 20th century Capital investments -- History -- 21st century Capital investments Banks and banking Business cycles Financial crises Economic history Economics History Finanzkrise Weltwirtschaft Genre/Form History Form Electronic book ISBN 9781108608589 1108608582

Other Titles Financial crises since 1929

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