Manias Panics and Crashes

Selected as one of the best investment books of all time by the Financial Times, Manias, Panics and Crashes puts the turbulence of the financial world in perspective.

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Author: Charles P. Kindleberger

Publisher: Palgrave Macmillan

ISBN: 9780230365353

Category: Business & Economics

Page: 356

View: 495

Selected as one of the best investment books of all time by the Financial Times, Manias, Panics and Crashes puts the turbulence of the financial world in perspective. Here is a vivid and entertaining account of how reckless decisions and a poor handling of money have led to financial explosions over the centuries. Covering topics such as the history and anatomy of crises, speculative manias, and the lender of last resort, this book has been hailed as "a true classic . . . both timely and timeless." In this new, updated sixth edition, Kindleberger and Aliber expand upon the ideas presented in the previous edition to bring the history of the financial crisis up-to-date. It now includes two new chapters that provide an in-depth analysis of the causes, consequences and policy responses to the first global crisis of the 21st century, the Financial Crisis of 2007-2008. In addition, these new chapters also cover significant crises of the last fifteen years. The authors offer valuable lessons that will allow the reader to successfully navigate the financial crises of today and ones that lie ahead.

Crashes and Panics

Looks at the history of financial disasters that have impacted the world and uses this information to interpret the stock market crash of 1987

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Author: Eugene Nelson White

Publisher: Irwin Professional Pub

ISBN: STANFORD:36105038672551

Category: Business & Economics

Page: 260

View: 769

Looks at the history of financial disasters that have impacted the world and uses this information to interpret the stock market crash of 1987

Manias Panics and Crashes

Covering such topics as the history and anatomy of crises, speculative manias, and the lender of last resort, this book has been hailed as 'a true classic...both timely and timeless.

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Author: C. Kindleberger

Publisher: Springer

ISBN: 9780230628045

Category: Business & Economics

Page: 309

View: 162

Manias, Panics and Crashes , is a scholarly and entertaining account of the way that mismanagement of money and credit has led to financial explosions over the centuries. Covering such topics as the history and anatomy of crises, speculative manias, and the lender of last resort, this book has been hailed as 'a true classic...both timely and timeless.' In this new, updated fifth edition, Kindleberger and Aliber expand upon the ideas presented in the previous edition, and include two new chapters on the real estate price bubble that occurred in Norway, Sweden and Finland at the end of the 1980s, and the three asset price bubbles that occurred between 1985 and 2000 in Japan and other Asian countries. Selected as one of the best investment books of all time by the Financial Times, Manias, Panics and Crashes puts the turbulence of the financial world in perspective.

Manias Panics and Crashes

Economic historians concede that this is generally the case but that, on occasion, these markets get caught up in herd behaviour, possibly irrational enough to be called manias, overdo bidding asset prices up, leading to consequent and ...

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Author: Charles Poor Kindleberger

Publisher:

ISBN: UVA:X006015771

Category: Business cycles

Page: 263

View: 449

Economists mostly believe that financial markets are ruled by rationality after intelligent investors digest all the relevant information. Economic historians concede that this is generally the case but that, on occasion, these markets get caught up in herd behaviour, possibly irrational enough to be called manias, overdo bidding asset prices up, leading to consequent and subsequent collapse.

Manias Panics and Crashes

This seventh edition of an investment classic has been thoroughly revised and expanded following the latest crises to hit international markets.

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Author: Robert Z. Aliber

Publisher: Springer

ISBN: 9781137525741

Category: Business & Economics

Page: 426

View: 185

This seventh edition of an investment classic has been thoroughly revised and expanded following the latest crises to hit international markets. Renowned economist Robert Z. Aliber introduces the concept that global financial crises in recent years are not independent events, but symptomatic of an inherent instability in the international system.

An Analysis of Charles P Kindleberger s Manias Panics and Crashes

Perhaps the most peculiar feature of a financial bubble – one that Charles Kindleberger's classic work Manias, Panics and Crashes draws particular attention to – is the inability of those trapped inside it to grasp the seriousness of ...

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Author: Nicholas Burton

Publisher: CRC Press

ISBN: 9781351352444

Category: Business & Economics

Page: 106

View: 864

Perhaps the most peculiar feature of a financial bubble – one that Charles Kindleberger's classic work Manias, Panics and Crashes draws particular attention to – is the inability of those trapped inside it to grasp the seriousness of their predicament. They know in principle that bubbles exist, and they know that the financial crashes that result from them are capable of destroying individuals' wealth and entire economies. Yet whenever and wherever a bubble begins to form, we're told that this time things are different, that there are sound reasons to continue to invest and to presume that prices will continue to rise steadily forever. Kindleberger's achievement is to use the critical thinking skill of evaluation to examine this strange mindset and the arguments advanced in support of it. He harshly judges the acceptability of the reasons used to create such arguments, and highlights the issues of relevance and adequacy that give us every reason to doubt them. Kindleberger also uses his powers of reasoning to effect an unusual achievement – writing a work soundly rooted in economics that nonetheless engages and convinces a non-specialist audience of the correctness of his arguments.

An Analysis of Charles P Kindleberger s Manias Panics and Crashes

Perhaps the most peculiar feature of a financial bubble – one that Charles Kindleberger's classic work Manias, Panics and Crashes draws particular attention to – is the inability of those trapped inside it to grasp the seriousness of ...

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Author: Nicholas Burton

Publisher: CRC Press

ISBN: 9781351352444

Category: Business & Economics

Page: 106

View: 422

Perhaps the most peculiar feature of a financial bubble – one that Charles Kindleberger's classic work Manias, Panics and Crashes draws particular attention to – is the inability of those trapped inside it to grasp the seriousness of their predicament. They know in principle that bubbles exist, and they know that the financial crashes that result from them are capable of destroying individuals' wealth and entire economies. Yet whenever and wherever a bubble begins to form, we're told that this time things are different, that there are sound reasons to continue to invest and to presume that prices will continue to rise steadily forever. Kindleberger's achievement is to use the critical thinking skill of evaluation to examine this strange mindset and the arguments advanced in support of it. He harshly judges the acceptability of the reasons used to create such arguments, and highlights the issues of relevance and adequacy that give us every reason to doubt them. Kindleberger also uses his powers of reasoning to effect an unusual achievement – writing a work soundly rooted in economics that nonetheless engages and convinces a non-specialist audience of the correctness of his arguments.

Manias Panics and Crashes refer to 9780230365353

Covering such topics as the history and anatomy of crises, speculative manias, and the lender of last resort, this book has been hailed as 'a true classic...both timely and timeless.

DOWNLOAD NOW »

Author: Robert Z. Aliber

Publisher: Palgrave Macmillan

ISBN: 0230575978

Category: Business & Economics

Page: 360

View: 631

Manias, Panics and Crashes, is a vivid and entertaining account of the way that mismanagement of money and credit has led to financial explosions over the centuries. Covering such topics as the history and anatomy of crises, speculative manias, and the lender of last resort, this book has been hailed as 'a true classic...both timely and timeless.' In this new, updated fifth edition, Kindleberger and Aliber expand upon the ideas presented in the previous edition, and include two new chapters on the real estate price bubble that occurred in Norway, Sweden and Finland at the end of the 1980s, and the three asset price bubbles that occurred between 1985 and 2000 in Japan and other Asian countries. Selected as one of the best investment books of all time by the Financial Times, Manias, Panics and Crashes puts the turbulence of the financial world in perspective.

Big Crashes and Financial Panics

Memories of record stock market crashes and financial panics from the perspective of a stockbroker who was there during the crises.

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Author: Chik Hylton

Publisher:

ISBN: 9798655676923

Category:

Page: 50

View: 634

Memories of record stock market crashes and financial panics from the perspective of a stockbroker who was there during the crises.

200 Years of American Financial Panics

Vartanian provides extensive evidence of how the collision of policy-driven government actions and profit-oriented business performance have disrupted market equilibrium and made the U.S. system of financial oversight less effective and ...

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Author: Thomas P. Vartanian

Publisher: Rowman & Littlefield

ISBN: 9781633886711

Category: Business & Economics

Page: 456

View: 488

From 1819 to COVID-19, 200 Years of American Financial Panics offers a comprehensive historical account of financial panics in America. Through a meticulous dissection of historical events and the benefit of his experience handling many of the country’s largest bank failures, Thomas P. Vartanian reveals why so many more devastating financial crises have occurred in America than nearly every other country in the world. Vartanian provides extensive evidence of how the collision of policy-driven government actions and profit-oriented business performance have disrupted market equilibrium and made the U.S. system of financial oversight less effective and more susceptible to missing the signs of future financial crises, including policies that: imposed tariffs and chartered dozens of poorly regulated, uncapitalized state banks that facilitated panics in the 19th century; created ambivalence over whether gold, silver or paper money should be the preeminent form of payment, creating the perfect conditions for the depression of 1893; kept interest rates low to assist the central banks in England, Germany and France, allowing an overheated U.S. stock market to shift into overdrive and crash in 1929; planted the seeds of the S&L crisis more than twenty years before when Congress imposed artificial limits on deposit interest rates and the states capped mortgage interest rates to increase homeownership; pressured banks in the 1990’s to increase mortgage lending to increase home ownership while the Fed engaged in loose monetary policies, adding fuel to the greatest economic crisis since the Great Depression. 200 Years of American Financial Panics dissects financial crises in a way not attempted before, concluding that the pyramid of governmental oversight intended to foster economic safety and stability has been turned on its head to its detriment. Vartanian provides readers with a unique list of practical solutions. Most importantly, his analysis of financial technology, from artificial intelligence and Big Data to cryptocurrencies and quantum computing, forecasts how financial markets and government regulation will change. 200 Years of American Financial Panics is a must read for anyone that wants to understand their money, financial markets, and how they are going to change in the future.

Panic on Wall Street

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Author: Robert Sobel

Publisher: Beard Books

ISBN: 1893122468

Category: Business & Economics

Page: 469

View: 838

Panic UNIX System Crash Dump Analysis

CD-Rom includes several analysis tools, such as adb macros and C tags output from the source trees of two different UNIX systems.

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Author: Chris Drake

Publisher: Prentice Hall

ISBN: UOM:39015034438765

Category: Computers

Page: 492

View: 377

CD-Rom includes several analysis tools, such as adb macros and C tags output from the source trees of two different UNIX systems.

Panic in Paradise

Even when lawsuits disclosed the chicanery, state and federal regulators misled the public. Despite the official denials, the public panicked. The ensuing runs caused the banking crash.

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Author: Raymond B. Vickers

Publisher: University of Alabama Press

ISBN: 0817307230

Category: History

Page: 312

View: 648

Even when lawsuits disclosed the chicanery, state and federal regulators misled the public. Despite the official denials, the public panicked. The ensuing runs caused the banking crash.

Stock Market Crashes and Speculative Manias

Raises basic questions about the stability of capital markets and the potential for regulation. No index. Annotation copyright by Book News, Inc., Portland, OR

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Author: Eugene Nelson White

Publisher: Edward Elgar Pub

ISBN: STANFORD:36105018396221

Category: Business & Economics

Page: 564

View: 774

A collection of articles published between the 1920s and the 1990s on speculative manias and stock market crashes, highlighting their similarities. Looks at the mania for tulips in Holland in the 17th century, schemes to refinance government debt in 18th-century France and Britain, the volatile American stock and real estate markets of the 19th century, and parallels between the stock market crashes of 1929 and 1987. Raises basic questions about the stability of capital markets and the potential for regulation. No index. Annotation copyright by Book News, Inc., Portland, OR

Market Madness

The book addresses popular debates in economics and finance on how mass beliefs affect financial markets while also offering a colorful narrative history for general readers about the dramatic booms and busts of the American oil industry"--

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Author: Blake C. Clayton

Publisher: Oxford University Press, USA

ISBN: 9780199990054

Category: Business & Economics

Page: 221

View: 973

"In Market Madness, Dr. Blake Clayton, a Wall Street stock analyst and former Oxford researcher, draws on a century's worth of statistical data to offer a revolutionary new look the history of oil and future of energy. The culmination of a multi-year study, he shows how generational fears about an imminent, irreversible shortage of oil punctuate the history of oil since its earliest days. He explores the conditions in which oil supply fears arise, gain popularity, and eventually wane, and shows how important such stories can be in affecting financial markets. He links these episodes to the behavioral concept of irrational exuberance and new era economic thinking, first popularized by Nobel Laureate Yale economist Robert Shiller, to show how unfounded pessimism affects the market for oil and other exhaustible resources. Acknowledging the significant geological and structural changes the oil market has undergone over the last century, the book does not dismiss today's shortage fears out of hand, but asks what they reveal about how commodity markets function and what that means for investors and public officials. Clayton argues that the lessons to be learned from this history are the need for quality data about US and global oil reserves, the importance of clear communication from public officials about energy markets and resources, and the value of transparency in commodities markets. While these measures will not eliminate volatility and unpredictability in energy markets, he writes, they would mitigate unnecessary price spikes and improve investor and government decision-making. The book addresses popular debates in economics and finance on how mass beliefs affect financial markets while also offering a colorful narrative history for general readers about the dramatic booms and busts of the American oil industry"--

Modern Financial Macroeconomics

Reviews historical and contemporary macroeconomic theory Examines governmental influence on moderating (or exacerbating) economic fluctuations Discusses both empirical and theoretical links between financial systems and economic performance ...

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Author: Todd A. Knoop

Publisher: Wiley-Blackwell

ISBN: 1405161817

Category: Business & Economics

Page: 290

View: 841

Modern Financial Macroeconomics takes a non-technical approach in examining the role that financial markets and institutions play in shaping outcomes in the modern macro economy. Reviews historical and contemporary macroeconomic theory Examines governmental influence on moderating (or exacerbating) economic fluctuations Discusses both empirical and theoretical links between financial systems and economic performance, as well as case studies detailing the role of finance in specific business cycle episodes

Panic

across financial markets , in the price of the crash insurance sold by the more
sophisticated Wall Street traders . ... Readers will notice another thing these
panics share : the characters . ... But crashes and panics make for interesting
stories ...

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Author: Michael M. Lewis

Publisher: W W Norton & Company Incorporated

ISBN: UOM:39076002842453

Category: Business & Economics

Page: 391

View: 846

An analysis of five financial upheavals in recent history includes coverage of the 1987 stock market crash, the Internet bubble, and the sub-prime mortgage crisis, in a report that reveals how public knowledge differed from what was actually taking place.

Beat the Millennium Crash

82 Crashes , Panics , Pundits and Prophecies Panics , crashes and
prognostications are not new to the markets . As long as markets have existed ,
there have been prophecies of gloom and doom . As long as there will be
markets there will be ...

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Author: Jacob Bernstein

Publisher: Prentice Hall Press

ISBN: CORNELL:31924085440414

Category: Business & Economics

Page: 218

View: 212

Provides strategies for financial protection, and examines investment alternatives such as precious metals and stocks

Manias Panics Crashes Rev

A study of manias , bubbles , crashes , panics , and the lender of last resort helps
us to move from classical thesis through revisionist antithesis to a more balanced
synthesis . Or so I claim . CHAPTER 2 Anatomy of a Typical Crisis - - - Financial ...

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Author: Kindleberge

Publisher: Basic Books

ISBN: 0465044034

Category: Business & Economics

Page: 302

View: 821

Kindleberger presents an intriguing study of the major financial upheavals of history.