A History of Financial Crises

Dreams and Follies of Expectations

Business & Finance, Finance & Investing, Corporate Finance, Banks & Banking
Cover of the book A History of Financial Crises by Cihan Bilginsoy, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Cihan Bilginsoy ISBN: 9781317703808
Publisher: Taylor and Francis Publication: November 27, 2014
Imprint: Routledge Language: English
Author: Cihan Bilginsoy
ISBN: 9781317703808
Publisher: Taylor and Francis
Publication: November 27, 2014
Imprint: Routledge
Language: English

"Once-in-a-lifetime" 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 interweaves historical accounts with competing economic crisis theories and reveals why commentaries are often contradictory. First, it presents a series of episodes from tulip mania in the 17th century to the subprime mortgage meltdown. In order to tease out their commonalities and differences, it describes political, economic, and social backgrounds, identifies the primary actors and institutions, and explores the mechanisms behind the asset price bubbles, crashes, and bank-runs. Second, it starts with basic economic concepts and builds five competing theoretical approaches to understanding financial crises. Competing theoretical standpoints offer different interpretations of the same event, and draw dissimilar policy implications.

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. Its diverse theoretical and historical content of this book complements economics, history and political science curriculum.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

"Once-in-a-lifetime" 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 interweaves historical accounts with competing economic crisis theories and reveals why commentaries are often contradictory. First, it presents a series of episodes from tulip mania in the 17th century to the subprime mortgage meltdown. In order to tease out their commonalities and differences, it describes political, economic, and social backgrounds, identifies the primary actors and institutions, and explores the mechanisms behind the asset price bubbles, crashes, and bank-runs. Second, it starts with basic economic concepts and builds five competing theoretical approaches to understanding financial crises. Competing theoretical standpoints offer different interpretations of the same event, and draw dissimilar policy implications.

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. Its diverse theoretical and historical content of this book complements economics, history and political science curriculum.

More books from Taylor and Francis

Cover of the book Progressive Renaissance by Cihan Bilginsoy
Cover of the book Through a Trauma Lens by Cihan Bilginsoy
Cover of the book The Politics of State Expansion by Cihan Bilginsoy
Cover of the book Shelley's Radical Stages by Cihan Bilginsoy
Cover of the book English Travel Narratives in the Eighteenth Century by Cihan Bilginsoy
Cover of the book The Cultural Politics of Europe by Cihan Bilginsoy
Cover of the book Incitement in International Law by Cihan Bilginsoy
Cover of the book The War on Drugs in Sport by Cihan Bilginsoy
Cover of the book The American Economy: A Student Study Guide by Cihan Bilginsoy
Cover of the book Logics and Languages by Cihan Bilginsoy
Cover of the book Memory and Miscarriages of Justice by Cihan Bilginsoy
Cover of the book Leadership Connectors by Cihan Bilginsoy
Cover of the book Psychoanalysis and the Unrepresentable by Cihan Bilginsoy
Cover of the book School Effectiveness by Cihan Bilginsoy
Cover of the book Political Marketing in Retrospective and Prospective by Cihan Bilginsoy
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy