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The Resource A history of financial crises : dreams and follies of expectations, Cihan Bilginsoy

A history of financial crises : dreams and follies of expectations, Cihan Bilginsoy

Label
A history of financial crises : dreams and follies of expectations
Title
A history of financial crises
Title remainder
dreams and follies of expectations
Statement of responsibility
Cihan Bilginsoy
Creator
Subject
Language
eng
Summary
  • ""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. It book 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 The theoretical and historical content of this book complements economics, history and political science curriculum."--
  • ""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 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 curriculum"--
Member of
Assigning source
  • Provided by publisher
  • Provided by publisher
http://library.link/vocab/creatorName
Bilginsoy, Cihan,
Dewey number
338.5/42
Index
index present
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
Economics as social theory
http://library.link/vocab/subjectName
  • Financial crises
  • Banks and banking
  • Corporations
Label
A history of financial crises : dreams and follies of expectations, Cihan Bilginsoy
Instantiates
Publication
Antecedent source
unknown
Bibliography note
Includes bibliographical references and index
Color
multicolored
Contents
1. Introduction -- 2. Tulip mania -- 3. The Mississippi Bubble -- 4. The South Sea Bubble -- 5. Rationality, fundamentals, and prices : first principles -- 6. Explaining asset-price bubbles and banking crises -- 7. Technological revolutions and speculation : nineteenth-century British railways and banks -- 8. The American experience I : the antebellum era -- 9. The American experience II : the gilded age -- 10. The crash of 1929 -- 11. Mighty magic of the market -- 12. The conjurations of financial markets -- 13. The 1980s : financial capitalism unchained -- 14. The 1990s : the triumph of financial capitalism -- 15. The latest act : subprime mortgages and derivatives -- 16. The latest act : the crash of the 2000s -- 17. Two legacies of the subprime sinkhole
Control code
ocn897376798
Dimensions
unknown
Extent
1 online resource
File format
unknown
Form of item
online
Isbn
9781317703815
Level of compression
unknown
Note
Taylor & Francis
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)897376798
Label
A history of financial crises : dreams and follies of expectations, Cihan Bilginsoy
Publication
Antecedent source
unknown
Bibliography note
Includes bibliographical references and index
Color
multicolored
Contents
1. Introduction -- 2. Tulip mania -- 3. The Mississippi Bubble -- 4. The South Sea Bubble -- 5. Rationality, fundamentals, and prices : first principles -- 6. Explaining asset-price bubbles and banking crises -- 7. Technological revolutions and speculation : nineteenth-century British railways and banks -- 8. The American experience I : the antebellum era -- 9. The American experience II : the gilded age -- 10. The crash of 1929 -- 11. Mighty magic of the market -- 12. The conjurations of financial markets -- 13. The 1980s : financial capitalism unchained -- 14. The 1990s : the triumph of financial capitalism -- 15. The latest act : subprime mortgages and derivatives -- 16. The latest act : the crash of the 2000s -- 17. Two legacies of the subprime sinkhole
Control code
ocn897376798
Dimensions
unknown
Extent
1 online resource
File format
unknown
Form of item
online
Isbn
9781317703815
Level of compression
unknown
Note
Taylor & Francis
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)897376798

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