Why bother with a book written three quarters of a century ago about the 1930s world economic crisis? Didn't John Kenneth Galbraith publish the definitive work on the subject in 1955? Historians write with the benefit of distance and perspective. But there is nothing quite like a good contemporary account. Richard Lewinsohn combines wit, perspicacity and a sceptical eye for the follies of his own times with a rare historical perspective. It took journalistic courage to argue in 1934 that the crisis he chronicled - though the greatest in history - was neither unprecedented nor likely to be the last of its kind. The financial upheavals since 2007 and the economic impact they have had underline Lewinsohn's wisdom.
Why bother with a book written three quarters of a century ago about the 1930s world economic crisis? Didn't John Kenneth Galbraith publish the definitive work on the subject in 1955? Historians write with the benefit of distance and perspective. But there is nothing quite like a good contemporary account. Richard Lewinsohn combines wit, perspicacity and a sceptical eye for the follies of his own times with a rare historical perspective. It took journalistic courage to argue in 1934 that the crisis he chronicled - though the greatest in history - was neither unprecedented nor likely to be the last of its kind. The financial upheavals since 2007 and the economic impact they have had underline Lewinsohn's wisdom.
No sooner had the Asian crisis broken out in 1997 than the witch-hunt started. With great indignation every Asian economy pointed fingers. They were innocent bystanders. The fundamental reason for...
Financial crises often transmit across geographical borders and different asset classes. Modeling these interactions is empirically challenging, and many of the proposed methods give different...
This book reviews the state-of-the-art of the literature on international financial contagion. The individual contributions bridge the gap between econometric theory and evidence, while the...
This book provides a sweeping, up-to-date, and boldly critical account of the financial crises that rocked East Asia and other parts of the world beginning with the collapse of the Thai baht in 1997...
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