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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

Creator
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 The theoretical and historical content of this book complements economics, history and political science curriculum. "--
Language
eng
Work
Publication
Edition
First Edition.
Extent
xxvi, 473 pages
Isbn
9780415687249
Instance
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. "--
Member of
Assigning source
Provided by publisher
Cataloging source
DLC
http://library.link/vocab/creatorName
Bilginsoy, Cihan
Dewey number
909.82-F
Index
index present
Literary form
non fiction
Nature of contents
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
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier MARC source
rdacarrier.
Content category
text
Content type MARC source
rdacontent.
Control code
FIEb17612822
Dimensions
24 cm.
Edition
First Edition.
Extent
xxvi, 473 pages
Isbn
9780415687249
Media category
unmediated
Media MARC source
rdamedia.
System control number
  • 18189759
  • (OCoLC)1088459934
Label
A history of financial crises : dreams and follies of expectations, Cihan Bilginsoy
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier MARC source
rdacarrier.
Content category
text
Content type MARC source
rdacontent.
Control code
FIEb17612822
Dimensions
24 cm.
Edition
First Edition.
Extent
xxvi, 473 pages
Isbn
9780415687249
Media category
unmediated
Media MARC source
rdamedia.
System control number
  • 18189759
  • (OCoLC)1088459934

Subject

Member of

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