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Author Vague, Richard, author.

Title A brief history of doom : two hundred years of financial crises / Richard Vague.

Publication Info. Philadelphia : University of Pennsylvania Press, [2019]

Copies

Location Call No. OPAC Message Status
 Axe 3rd Floor Stacks  338.542 V179b 2019    ---  Available
1 copy being processed for Axe Acquisitions Order.
Description ix, 227 pages : illustrations ; 24 cm
text txt rdacontent
unmediated n rdamedia
volume nc rdacarrier
Bibliography Includes bibliographical references.
Summary Financial crises happen time and again in post-industrial economies - and they are extraordinarily damaging. Building on insights gleaned from many years of work in the banking industry and drawing on a vast trove of data, Richard Vague argues that such crises follow a pattern that makes them both predictable and avoidable. A Brief History of Doom examines a series of major crises over the past 200 years in the United States, Great Britain, Germany, France, Japan, and China - including the Great Depression and the economic meltdown of 2008. Vague demonstrates that the over-accumulation of private debt does a better job than any other variable of explaining and predicting financial crises. In a series of clear and gripping chapters, he shows that in each case the rapid growth of loans produced widespread overcapacity, which then led to the spread of bad loans and bank failures. This cycle, according to Vague, is the essence of financial crises and the script they invariably follow. The story of financial crisis is fundamentally the story of private debt and runaway lending. Convinced that we have it within our power to break the cycle, Vague provides the tools to enable politicians, bankers, and private citizens to recognize and respond to the danger signs before it begins again. -- Provided by publisher.
Contents Introduction : The anatomy of a financial crisis -- A jazz age real estate crisis: the Great Depression -- The decade of greed: the 1980s -- Denial and forbearance: the 1990s crisis in Japan -- The dawn of the industrial age banking crisis: 1819-1840 -- The railroad crises era: 1847-1907 -- The 2008 global mortgage and derivatives crisis -- Conclusion : The crisis next time, and policy solutions.
Subject Financial crises -- History.
Financial crises -- Case studies.
Debt.
Debt. (OCoLC)fst00888768
Financial crises. (OCoLC)fst00924607
Genre/Form Case studies. (OCoLC)fst01423765
History. (OCoLC)fst01411628
Case studies.
Added Title Brief history of doom : 200 hundred years of financial crises
ISBN 9780812251777 hardcover
0812251776 hardcover

 
    
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