Exploring the forceful renewal of the boom-and-bust cycle after several decades of economic stability, this book is a research-based review of the factors that caused the 2008 recession. It offers cutting-edge diagnoses of the recession and prescriptions on how to boost the economy from leading economists. The book concentrates on the Federal Reserve and its leading role in creating the economic boom and recession of the 2000s. Aimed at professional economists and readers well versed in the basic workings of the economy, it includes innovative proposals on how to avoid future boom-and-bust cycles.
Cited in Dawson, The First Latin American Debt Crisis, p. 101. Excerpt in Anon., The South Sea Bubble, pp. 160–1. Francis, History of the Bank of England, Vol. II, p. 3. Francis recalls seeing this prospectus at the time and refers to ...
This wonderful reality would not exist in the absence of financial cycles. This book explains why.
Not employment or inflation as argued during the Great Depression and years of Reaganomics, the mechanism that drives the business cycle is proven to be the housing and property market in this analysis of the instability of financial ...
It is the first book to focus on a woefully underreported dimension of the crisis, namely, the significant role that lending on commercial property development played in the crisis.
The "creative" financing of home mortgages and "creative" marketing of financial securities based on these mortgages to countries around the world, are part of the story of how a financial house of cards was built up--and then collapsed.
This book explains what is behind the wave of increasingly frequent and severe financial crises since the 1980s.
Boom and Bust reveals why bubbles happen, and why some bubbles have catastrophic economic, social and political consequences, whilst others have actually benefited society.
Money, Bank Credit, and Economic Cycles
This is an up-to-date analysis of the 'credit crunch', Northern Rock and the banking crisis in the UK. All the major economies have been affected, but this analysis focuses on...
From ancient Rome to the Great Meltdown of 2008, this account of financial crises throughout history reveals the common human foibles that drive economic booms and busts.