Economic and financial crises and disasters Books
Edward Elgar Publishing Ltd The Economics of Financial Turbulence:
Book SynopsisThis challenging book examines the origins and dynamics of financial-economic crises. Its wide theoretical scope incorporates the theories of Marx, Keynes and various other Post Keynesian scholars of endogenous money, and provides a grand synthesis of these theoretical lineages, as well as a powerful critique of prevailing neoclassical/monetarist theories of money. Bill Lucarelli provides detailed historical analyses of the causes of the current international financial crisis, and offers alternative heterodox theories with more coherent and rigorous theoretical frameworks than existing economic orthodoxies. He illustrates that the very assumptions of neoclassical theory - informed by the efficient markets hypothesis - tend to rule out the very possibility of endogenous financial crises. Consequently, he argues, the endogenous causes of these crises are either ignored or simply treated as random, extraneous historical events. In stark contrast to these neoclassical/monetarist views, this book seeks to explain the recurrence of these financial crises as a result of the inner workings of the capitalist system. The Economics of Financial Turbulence will prove an invaluable contribution to modern heterodox theories of endogenous money, and as such will be essential reading for academics and students with an interest in economics, heterodox economics and money, finance and banking. Economic and financial policymakers will also find the book to be a fascinating read.Contents: Introduction; Part I: Marxian Perspectives; 1. A Monetary Theory of Production; 2. A Marxian Theory of Money, Credit and Crisis; Part II: Heterodox Theories of Endogenous Money; 3. Money and Keynesian Uncertainty; 4. Endogenous Money: Heterodox Controversies; 5. Towards a Theory of Endogenous Financial Instability and Debt-Deflation; Part III: The Roots of the Current Crisis; 6. Financialization: Prelude to Crisis; 7. Faustian Finance and the American Dream; Conclusion; BibliographyTable of ContentsContents: Introduction Part I: Marxian Perspectives 1. A Monetary Theory of Production 2. A Marxian Theory of Money, Credit and Crisis Part II: Heterodox Theories of Endogenous Money 3. Money and Keynesian Uncertainty 4. Endogenous Money: Heterodox Controversies 5. Towards a Theory of Endogenous Financial Instability and Debt-Deflation Part III: The Roots of the Current Crisis 6. Financialization: Prelude to Crisis 7. Faustian Finance and the American Dream Conclusion Bibliography Index
£87.00
Reaktion Books Business as Usual The Economic Crisis and the Failure of Capitalism
Book SynopsisPaul Mattick explains the decline of business in relation to the development of the world economy since the Second World War, and more fundamentally, as an example of the cycle of crisis and recovery that has characterized capitalism since the early nineteenth century.
£14.95
Spiramus Press A Decade of Armageddon: New Geography Essays
Book SynopsisThis as-it-happened review of the causes, consequences, and repercussions of the 2008 Global Financial Crisis is more than a history lesson – it's a look into the future.These essays by Dr Susanne Trimbath, were first published between 2008 and 2015 on newgeography.com. They have been edited to be read as a free-standing publication, grouped together into the following chapters: Bailouts Congressional Hearings and Legislation Homeowners and Mortgages Federal Reserve and Treasury Actions Bank/Broker Behavior Systemic Issues Public Reaction The hardback is a limited edition of 100 copies, signed by the author. Every copy sold will include a US$5 donation to the Diane Fossey Foundation Trade ReviewMy wish is that I have opened your eyes to the false utopia being offered by Wall Street and the businesses and governments they support." - Dr Susanne Trimbath"These essays are a critical element in the continuing discussion of inequality and the growing power of a small financial elite" - Joel Kotkin, editor of NewGeography.com NewGeography.comTable of Contents 1. Bailouts Why there were bailouts in 2008-9 for Wall Street and not for Main Street? This chapter includes articles on who got the money and how the true cost, which was to be borne by US taxpayers, was hard to calculate and often purposefully hidden from public view. 2. Congressional Hearings and Legislation Once the full-blown global financial crisis hit, the response included tens of thousands of pages of new rules, regulations and regulators in the space of about three years. Also, the US government assumed ownership and operation of AIG. This was the first "taking" since 1989 and was followed by Washington Mutual in September 2008 and W Holding's Westernbank in April 2010. 3. Homeowners and Mortgages The housing market, in the years leading up to the financial crisis and the Great Recession, had been treated like gold – not that "houses are as good as gold" but that people were treating houses AS IF they were an investment and not a place to live. 4. Federal Reserve and Treasury Actions In 2009, Treasury Secretary Timothy Geithner presented a proposal for legislation that would give the secretary the authority to make the final determination that a financial institution on the verge of default – regulation by revolution. Geithner's proposal would let the federal government nationalize a 'too big to fail' company. 5. Bank/Broker Behavior The actions of financial industry professionals led to the financial crisis that developed into the Great Recession. Criminal charges were brought against those who cheated their way into getting a share of the bailout money, but many of those responsible for creating the situation were paid elaborate bonuses at the same time their financial institutions were receiving bailout funds. 6. Systemic Issues This chapter on Systemic Issues goes into detail about topics that are widely misunderstood by the non-financial public: financial innovations were supposed to democratize capital by making it easier to fund less-popular projects, both public and private. Like many inventions, it was abused for the enrichment of a few. 7. Public Reaction Public reaction in the United States to the revelations of the Wall Street bailout was subdued. A Landmark Narrative developed and was generally accepted by Americans: people bought houses they couldn't afford by using adjustable-rate mortgages, no-money-down and other schemes offered by banks. When the favorable terms ran out those homebuyers stopped paying their mortgages; they caused their mortgage bank to slide toward bankruptcy, and caused all those "sliced-and-diced" mortgage-backed bonds to fail, too.
£18.95
ISEAS Myanmar in Crisis: Living with the Pandemic and
Book SynopsisMyanmar in Crisis brings together scholars from across the social sciences to analyse the dual crises of COVID-19 and the 2021 military coup. All of the essays address one of four themes around the concept of crisis: society in crisis, a state in crisis, an economy in crisis, and international relations in crisis. Several authors examine the contested nature of state authority in the post-coup revolutionary context, including the emergence of new governance dynamics; others discuss heterogenous forms of resistance and the potential for building a more inclusive, just, and tolerant society in the future of Myanmar.The volume also explores the economic crisis caused by the pandemic and the coup and its devastating effects on people's lives and livelihoods: the authors provide a deep dive into the impacts of restrictive COVID-19 prevention measures on local communities, the growing livelihoods crisis since the coup, and the impacts of both crises on foreign trade and investment. Scaling up from that local perspective, the book also looks at Myanmar's history of foreign relations, the response of the international community to the coup and the challenges faced by foreign governments and regional bodies in navigating the deteriorating political situation. Held together, the volume highlights the ongoing state of crisis in Myanmar, its impact on society and the possibilities for recovery and reform, amidst a powerful new revolutionary movement. Beyond providing crucial insights to Southeast Asian area specialists, the book offers deep insights into the way that multiple crises interact, amplify one another, and open up possibilities for hope amidst tragedy.
£39.95
Oxford University Press Understanding Financial Crises
Book SynopsisWhat causes a financial crisis? Can financial crises be anticipated or even avoided? What can be done to lessen their impact? Should governments and international institutions intervene? Or should financial crises be left to run their course? In the aftermath of the Asian financial crisis, many blamed international institutions, corruption, governments, and flawed macro and microeconomic policies not only for causing the crisis but also unnecessarily lengthening and deepening it. Based on ten years of research, the authors develop a theoretical approach to analyzing financial crises. Beginning with a review of the history of financial crises and providing readers with the basic economic tools needed to understand the literature, the authors construct a series of increasingly sophisticated models. Throughout, the authors guide the reader through the existing theoretical and empirical literature while also building on their own theoretical approach. The text presents the modern theory ofTrade ReviewReview from previous edition Allen and Gale have been at the frontier of theoretical thinking about crises for over a decade ... a one-stop-shop for the many important contributions made to the theoretical modelling of financial crises by these two prominent authors * Central Banking Vol 18 No 1 *This is, for me, the book's real selling point: it is accessible to a graduate level audience - indeed, would make an excellent lecture series - but at the same time easily contains enough state-of-the-art modelling to be of interest to the academic or policymaker. * Andrew G. Haldane *Table of Contents1. History and institutions ; 2. Time, uncertainty and liquidity ; 3. Intermediation ; 4. Asset markets ; 5. Financial fragility ; 6. Intermediation and markets ; 7. Optimal regulation ; 8. Money and the prices ; 9. Bubbles and crises ; 10. Contagion
£20.99
Taylor & Francis Share Trading Fraud and the Crash of 1929
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£128.25
Taylor & Francis Global Debt Dynamics
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£142.50
Taylor & Francis Financial Stability and Growth
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£43.99
Taylor & Francis Discourses of Legitimation in the News
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£47.49
Taylor & Francis A Comparative History of Bank Failures
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£128.25
Taylor & Francis Ltd Disasters and Economic Recovery
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£35.14
Taylor & Francis Ltd Disasters and Economic Recovery
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£128.25
Taylor & Francis The European Periphery and the Eurozone Crisis
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£39.99
Taylor & Francis The Political Economy of Contemporary Spain From Miracle to Mirage
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£39.99
Taylor & Francis Commodity The Global Commodity System in the 21st Century
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£25.38
Taylor & Francis Global Debt Dynamics
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£39.99
Taylor & Francis A Comparative History of Bank Failures
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£41.99
Taylor & Francis Share Trading Fraud and the Crash of 1929
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£41.99
Taylor & Francis Corporate Law and Financial Instability
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£41.99
Taylor & Francis Ltd The Postwar International Money Crisis An Analysis Economic History
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£144.00
Taylor & Francis Modern Political Economics
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£171.00
Taylor & Francis Modern Political Economics
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£68.39
Taylor & Francis Ltd Ethical Lessons of the Financial Crisis
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£99.75
Taylor & Francis Ltd The Global Financial Crisis and the Korean Economy
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£142.50
Taylor & Francis Ltd Contagion of Bank Failures RLE Banking Finance The Relation to Deposit Insurance and Information Routledge Library Editions Banking Finance
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£128.25
Taylor & Francis Ltd The Great Depression
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Taylor & Francis Retirement Security in the Great Recession
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£82.64
Taylor & Francis The Rise and Fall of Money Manager Capitalism Minskys half century from world war two to the great recession Routledge Critical Studies in Finance and Stability
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£142.50
Taylor & Francis Towards a Socioanalysis of Money Finance and Capitalism
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£142.50
Taylor & Francis Ltd Innovation and Economic Crisis Lessons and Prospects from the Economic Downturn 53 Routledge Studies in Global Competition
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£37.99
Taylor & Francis Ltd The Postwar International Money Crisis An Analysis
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£36.54
Taylor & Francis Women and Recession Routledge Revivals
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£166.25
Taylor & Francis Women and Recession
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Taylor & Francis The International Economic Crisis and the PostSoviet States
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£137.75
Taylor & Francis Ltd Financial Crises
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£46.54
Taylor & Francis Ltd The History of Financial Crises
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£1,197.68
Taylor & Francis Beyond Mainstream Explanations of the Financial Crisis
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£142.50
Taylor & Francis Ltd Taxation in the New State Routledge Revivals
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Taylor & Francis Ltd Taxation in the New State Routledge Revivals
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Taylor & Francis Ltd The Asian Economy
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£128.25
Taylor & Francis Ltd The Asian Economy
Book SynopsisThe global financial crisis of 2007-09, and the Great Recession that it engendered, were both a challenge and an opportunity for Asia. The region not only remained unharmed by the global financial crisis initially but also recovered the fastest. In addition, it was also the principal driver of the global recovery.This book analyzes the impact of the global financial crisis and the Great Recession on the Asian economy. Chapters look at the most significant issues related to the Asian economy during the crisis, how it coped with them and how it eventually emerged from them. Dilip K. Das discusses how the Asian economy, particularly the emerging-market economies, spearheaded the recovery of the global economy from the global financial crisis and recession, and goes on to look at how this is of historical significance. Written in a clear, comprehensive and critical manner, this book covers the contemporary academic and policy debates on Asia's role in the world economy. AsTrade Review"Das specifically targets his book at students in business schools and in master’s level programs in fields such as economics and international relations. And the book [...] comes across as using a scope of analyses and methods of presentation that would suit students of these levels, as well as researchers who are looking for a concise, detailed, and data filled analysis of the short-term impact of the crisis on Asia and the responses of Asian states to the crisis [...] Das' book provides a helpful data-filled but not overly mathematical short-term overview of the great recession, its impact on parts of Asia, the policy responses of Asian politicians, and the successes of these responses." - James Parisot, Ph.D., Binghamton University (SUNY), in the Journal of International and Global Studies, 3:2, (April 2012) 'Overall, Dilip K. Das makes a convincing case that the Asian economies, particularly the emerging markets, have played a major role not only in reshaping the global economic landscape, but also in leading the global economy out of recession. The book is well suited for anyone who is interested in studying the global financial crisis and the role of the Asian economies. Targeted for a wide range of readers, the book is neither overly technical nor highly model-oriented.' - Congsheng Wu; JOURNAL OF CHINESE POLITICAL SCIENCE (2013)Table of Contents1. The Global Financial Crisis: The Great Recession and the Recovery 2. The Asian Economic Architecture before the Global Financial Crisis 3. The Global Financial Market Turbulence and Its Impact on the Asian Economy 4. Asian Economy Spearheading the Global Recovery 5. Leadership Role for the Asian Economy in Reshaping the Global Economy 6. The Chinese Economy and the Global Financial Crisis: A Strategic Response
£43.69
Taylor & Francis Public Policy beyond the Financial Crisis
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£137.75
Taylor & Francis Ltd China and the Global Financial Crisis
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£133.00
Taylor & Francis A History of Financial Crises
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£171.00
Taylor & Francis A History of Financial Crises
Book SynopsisOnce-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 instTable of Contents1. 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: 19th-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 Conjuration of the Financial Markets 13. The 1980s: Financial Capitalism Unchained 14. The 1990s: The Triumph of Financial Capitalism 15. The Latest Act: Sub-prime Mortgages and Derivatives 16. The Latest Act: The Crash of the 2000s 17. Two Legacies of the Subprime Sinkhole
£58.89
Taylor & Francis The History of Bankruptcy
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£142.50
Taylor & Francis Ltd Fighting Financial Crime in the Global Economic Crisis
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£137.75
Taylor & Francis Towards a Socioanalysis of Money Finance and Capitalism
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£43.99
