Manias, panics, and crashes : a history of financial crises / Charles P. Kindleberger.

Format:

Book

Author/Creator:

Kindleberger, Charles P., 1910-2003.

Series:

Wiley investment classics

Language:

English

Subjects (All):

Financial crises.

Business cycles.

Depressions.

Physical Description:

xii, 290 pages ; 23 cm.

Edition:

Fourth edition.

Place of Publication:

New York : Wiley, 2000.

Summary:

Financial crises and speculative excess can be traced back to the very beginning of trade and commerce. Since its introduction in 1978, this book has charted and followed this volatile world of financial markets. Charles Kindleberger's brilliant, panoramic history revealed how financial crises follow a nature-like rhythm: they peak and purge, swell and storm. Now this newly revised and expanded Fourth Edition probes the most recent "natural disasters" of the markets -- from the difficulties in East Asia and the repercussions of the Mexican crisis to the 1992 Sterling crisis. His sharply drawn history confronts a host of key questions.

Contents:

1. Financial Crisis: A Hardy Perennial 1

2. Anatomy of a Typical Crisis 13

3. Speculative Manias 23

4. Fueling the Flames: Monetary Expansion 49

5. The Emergence of Swindles 73

6. The Critical Stage 91

7. Domestic Contagion 109

8. International Contagion 117

9. Letting It Burn Out, and Other Devices 139

10. The Lender of Last Resort 161

11. The International Lender of Last Resort 179

12. Conclusion: The Lessons of History 207.

Notes:

Includes bibliographical references and index.

ISBN:

0471389463

0471389455

OCLC:

43526862