Manias, Panics, and Crashes: A History of Financial Crises
The best known and most highly regarded book on financial crises
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.
Charles P. Kindleberger (Boston, MA) was the Ford Professor of Economics at MIT for thirty-three years. He is a financial historian and prolific writer who has published over twenty-four books.
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Anatomy of a Typical Crisis
The Emergence of Swindles
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American Amsterdam assets August Bagehot Bank of England Bank of France bankers bankruptcy Banque bills of exchange bonds boom borrowing Britain British buying C. P. Kindleberger capital Carswell cash central bank century Chapter Chicago Clapham collapse Commercial commodities crash crisis Currency School debt December decline deposits depression discount rate distress dollar Dutch Economic economists Europe exchange rates failure Federal Reserve financial crises firms foreign French funds Germany gold Hamburg Handelskrisen herd behavior History houses Ibid interest rates investment investors issue Kindleberger land last resort lender of last lending limited liquidity loans London Long-Term Capital Management mania ment merchants Milton Friedman Minsky monetarist money supply notes November October overtrading panic Paris payment percent Ponzi railroad real estate reprint rescue rise securities sell silver South Sea Bubble South Sea Company stock market swindles tion trade Union Générale United Walter Bagehot Wirth York
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