A great deal of ruin: financial crises since 1929
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, United Kingdom
Cambridge University Press
2019
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis Klappentext |
| Beschreibung: | xiii, 335 Seiten |
| ISBN: | 9781108739900 9781108497343 |
Internformat
MARC
| LEADER | 00000nam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | BV046138104 | ||
| 003 | DE-604 | ||
| 005 | 20191218 | ||
| 007 | t | ||
| 008 | 190903s2019 |||| 00||| eng d | ||
| 020 | |a 9781108739900 |c Pb.: £ 26.99 |9 978-1-108-73990-0 | ||
| 020 | |a 9781108497343 |c Hb.: £ 69.99 |9 978-1-108-49734-3 | ||
| 035 | |a (OCoLC)1121481932 | ||
| 035 | |a (DE-599)BVBBV046138104 | ||
| 040 | |a DE-604 |b ger |e rda | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-706 |a DE-188 |a DE-703 | ||
| 084 | |a QK 600 |0 (DE-625)141666: |2 rvk | ||
| 100 | 1 | |a Gerber, James |e Verfasser |0 (DE-588)170645576 |4 aut | |
| 245 | 1 | 0 | |a A great deal of ruin |b financial crises since 1929 |c James Gerber (San Diego State University) |
| 264 | 1 | |a Cambridge, United Kingdom |b Cambridge University Press |c 2019 | |
| 300 | |a xiii, 335 Seiten | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 648 | 7 | |a Geschichte 1927-1999 |2 gnd |9 rswk-swf | |
| 650 | 0 | 7 | |a Finanzkrise |0 (DE-588)7635855-0 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Weltwirtschaft |0 (DE-588)4065468-0 |2 gnd |9 rswk-swf |
| 689 | 0 | 0 | |a Weltwirtschaft |0 (DE-588)4065468-0 |D s |
| 689 | 0 | 1 | |a Finanzkrise |0 (DE-588)7635855-0 |D s |
| 689 | 0 | 2 | |a Geschichte 1927-1999 |A z |
| 689 | 0 | |5 DE-604 | |
| 856 | 4 | 2 | |m Digitalisierung UB Bayreuth - ADAM Catalogue Enrichment |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=031518404&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 856 | 4 | 2 | |m Digitalisierung UB Bayreuth - ADAM Catalogue Enrichment |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=031518404&sequence=000003&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA |3 Klappentext |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-031518404 | ||
Datensatz im Suchindex
| _version_ | 1804180468264861696 |
|---|---|
| adam_text | Contents List of Tables Preface I. xi Introduction 1.1 More Frequent, More Expensive, Harder to Avoid 1.2 Economics, Finance, and History 1.3 Plan of the Book PARTI: page x 1 1 5 9 FINANCIAL CRISES 15 1. Categories and Risk Factors 1.1 An Introduction to Financial Crises 1.2 Categories of Financial Crises 1.3 Seven Risk Factors 1.3.1 Asset Bubbles 1.3.2 Credit Booms 1.3.3 Weak Supervision andRegulation 1.3.4 Capital Market Liberalization 1.3.5 Overvalued Currencies 1.3.6 Large Trade Deficits 1.3.7 Excessive Debt Levels 1.4 What Do We Really Know? 17 17 20 22 24 28 30 31 33 35 37 40 2. Growth, Globalization, and Financial Crises 2.1 Modem Economic Growth 2.2 Modem Globalization s First Wave: 1914-1950 2.2.1 Open Capital Markets 2.2.2 The Gold Standard 2.2.3 Financial Crises 43 43 46 47 48 49 v
VI CONTENTS 2.3 Interwar Instability, 1914-1950 2.3.1 Deflation 2.3.2 Gold and the Great Depression 2.4 Bretton Woods and the Golden Age, 1950-1973 51 52 53 55 2.4.1 The Bretton Woods Exchange Rate System 57 2.4.2 The End of Bretton Woods 58 2.5 The Second Globalization Wave, 1973 to the Present 2.5.1 Factors Behind the Increase in Financial Crises 61 62 2.6 Conclusion 64 PARTII: FIVE CASE STUDIES 67 3. The Great Depression, 1929-1939 3.1 Why Study the Great Depression? 3.2 Factors Leading Up to the Depression 3.3 What Caused the Great Depression? 3.4 The Keynesian Idea 3.5 The Monetarist Response 3.6 Two Complications to the Monetarist Story 3.7 Economic Recovery and Relapse 3.8 Conclusions 69 69 72 76 79 81 83 87 90 4. The Latin American Debt Crisis, 1982-1989 4.1 Conditions Leading Up to the Crisis 4.2 The IMF s First Global Crisis 4.3 The Credit Boom 4.4 Varieties of Crises 4.5 The Search for Solutions 4.6 The Return of Capital Flows 4.7 Lessons 4.8 From Latin America to East Asia 92 92 94 97 99 103 108 109 114 5. The Asian Crisis, 1997-1999 5.1 Stable Economies and Rapid Growth 118 118
CONTENTS 5.2 Explanations for Rapid Growth 120 5.3 The Onset of the Crisis in Thailand 5.4 Contagion and Common Fundamentals 124 128 5.5 Crisis Resolution 5.6 The Fallout 132 135 6. The Subprime Crisis in the United States 6.1 Vulnerabilities 6.2 Chronology 6.2.1 Too Big to Fail 6.2.2 Maintaining Credit Availability 6.3 Financial Reforms 6.3.1 Crisis Prevention 6.3.2 Crisis Mitigation 6.3.3 Prognosis 143 143 152 154 156 158 159 161 163 7. The Financial Crisis in Europe 7.1 The Single Currency Project 7.2 An Uneven Crisis 7.3 Bank Debt Becomes National Debt 7.4 The Doom Loop 7.5 Emergency Actions 7.6 Recessions Prolonged 165 165 169 171 173 176 179 PARTIU: 183 LESSONS 8. Markets Do Not Self-Regulate 8.1 Overconfidence in the Market 8.2 Market Reality 8.3 Empirically Speaking 185 185 189 193 9. Shadow Banks Are Banks 9.1 No Bailout? 9.2 Shadow Banks 197 197 199 VII
Vili CONTENTS 9.3 Securitization 201 9.4 Regulators and Incentives 202 9.5 Shadow Bank Depositors 204 9.6 Bank Panics with Shadow Banks 206 9.7 The Rise of Finance 208 10. Banks Need More Capital, Less Debt 10.1 Other People s Money 10.2 Leverage 10.3 Limits to Risk Models 10.4 Resistance to Increasing Capital 10.5 Capital and Risk Reduction 212 212 214 217 219 221 11. Monetary Policy Does Not Always Work 11.1 Overconfidence 11.2 The Rise of Monetary Policy 11.3 New Classical Economics 11.4 The Great Moderation 11.5 Zero Lower Bound 224 224 225 228 230 232 12. Fiscal Multipliers Are Larger Than Expected 12.1 Acts of Nature 12.2 The Keynesian Consensus 12.3 The Multiplier 12.4 Expectations 12.5 Keynesians and Anti-Keynesians 12.6 Testing Ideas with a Crisis 237 237 239 241 243 245 248 13. Monetary Integration Requires Fiscal Integration 13.1 The Grand Experiment 13.2 The United States Is a Monetary and Fiscal Union 252 252 253 13.3 The Euro and Optimal Currency Areas 256 13.4 Promoting the Euro 257 13.5 Missing Institutions 261
CONTENTS 14. Open Capital Markets Can Be Dangerous 266 14.1 Assume There Are Benefits 266 14.2 Capital Market Liberalization Defined 14.3 From Open Capital Markets to a Financial Crisis 14.4 Open Capital Markets and Economic Growth 267 270 274 14.5 Should Countries Close Their Capital Markets? 277 15. Not All Debt Is Created Equal 279 15.1 Fear of a US Debt Crisis 279 15.2 Households, Businesses, and Governments 15.3 Sovereign Debt Crises 282 284 15.4 A Second Look at the United States 15.5 Getting Out of Debt 288 292 Conclusion 296 Abbreviations and Acronyms Bibliography 304 306 Index 327 ЇХ
A Great Deal of Ruin A Great Deal of Ruin provides an accessible introduction to the enduring problem of financial crises. Illustrated with historical analysis, case studies, and clear economic concepts, this book explains in three parts what financial crises are, how they are caused and what we can learn from them. It begins with a taxonomy of crises and a list of factors that increase the risk for countries experiencing a financial crisis. It then examines five of the most important crises in modern economic history, beginning with Great Depression and ending with the Subprime Crisis in the United States and its evolution into a debt crisis in the Eurozone. The book concludes with a set of lessons that can be learnt from the crises of the past. It will appeal to university students as well as general readers who are curious to learn more about the recent Subprime Crisis and other financial crises. is a Professor of Economics, Emeritus at San Diego State University. He is the author of International Economics (2018), a best-selling textbook now in its 7th edition, and numerous works on US-Mexico economic relations, including Fifty Years of Change on james gerber the US-Mexico Border: Growth, Development, and Quality of Life (with Joan Anderson, 2008) which won the Association of Borderlands Studies Book Award.
|
| any_adam_object | 1 |
| author | Gerber, James |
| author_GND | (DE-588)170645576 |
| author_facet | Gerber, James |
| author_role | aut |
| author_sort | Gerber, James |
| author_variant | j g jg |
| building | Verbundindex |
| bvnumber | BV046138104 |
| classification_rvk | QK 600 |
| ctrlnum | (OCoLC)1121481932 (DE-599)BVBBV046138104 |
| discipline | Wirtschaftswissenschaften |
| era | Geschichte 1927-1999 gnd |
| era_facet | Geschichte 1927-1999 |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>01836nam a2200385 c 4500</leader><controlfield tag="001">BV046138104</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20191218 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">190903s2019 |||| 00||| eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781108739900</subfield><subfield code="c">Pb.: £ 26.99</subfield><subfield code="9">978-1-108-73990-0</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781108497343</subfield><subfield code="c">Hb.: £ 69.99</subfield><subfield code="9">978-1-108-49734-3</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1121481932</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV046138104</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-706</subfield><subfield code="a">DE-188</subfield><subfield code="a">DE-703</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QK 600</subfield><subfield code="0">(DE-625)141666:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Gerber, James</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)170645576</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">A great deal of ruin</subfield><subfield code="b">financial crises since 1929</subfield><subfield code="c">James Gerber (San Diego State University)</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Cambridge, United Kingdom</subfield><subfield code="b">Cambridge University Press</subfield><subfield code="c">2019</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">xiii, 335 Seiten</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="648" ind1=" " ind2="7"><subfield code="a">Geschichte 1927-1999</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Finanzkrise</subfield><subfield code="0">(DE-588)7635855-0</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Weltwirtschaft</subfield><subfield code="0">(DE-588)4065468-0</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Weltwirtschaft</subfield><subfield code="0">(DE-588)4065468-0</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Finanzkrise</subfield><subfield code="0">(DE-588)7635855-0</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="2"><subfield code="a">Geschichte 1927-1999</subfield><subfield code="A">z</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">Digitalisierung UB Bayreuth - ADAM Catalogue Enrichment</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=031518404&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">Digitalisierung UB Bayreuth - ADAM Catalogue Enrichment</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=031518404&sequence=000003&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Klappentext</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-031518404</subfield></datafield></record></collection> |
| id | DE-604.BV046138104 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T08:36:14Z |
| institution | BVB |
| isbn | 9781108739900 9781108497343 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-031518404 |
| oclc_num | 1121481932 |
| open_access_boolean | |
| owner | DE-706 DE-188 DE-703 |
| owner_facet | DE-706 DE-188 DE-703 |
| physical | xiii, 335 Seiten |
| publishDate | 2019 |
| publishDateSearch | 2019 |
| publishDateSort | 2019 |
| publisher | Cambridge University Press |
| record_format | marc |
| spelling | Gerber, James Verfasser (DE-588)170645576 aut A great deal of ruin financial crises since 1929 James Gerber (San Diego State University) Cambridge, United Kingdom Cambridge University Press 2019 xiii, 335 Seiten txt rdacontent n rdamedia nc rdacarrier Geschichte 1927-1999 gnd rswk-swf Finanzkrise (DE-588)7635855-0 gnd rswk-swf Weltwirtschaft (DE-588)4065468-0 gnd rswk-swf Weltwirtschaft (DE-588)4065468-0 s Finanzkrise (DE-588)7635855-0 s Geschichte 1927-1999 z DE-604 Digitalisierung UB Bayreuth - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=031518404&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis Digitalisierung UB Bayreuth - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=031518404&sequence=000003&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA Klappentext |
| spellingShingle | Gerber, James A great deal of ruin financial crises since 1929 Finanzkrise (DE-588)7635855-0 gnd Weltwirtschaft (DE-588)4065468-0 gnd |
| subject_GND | (DE-588)7635855-0 (DE-588)4065468-0 |
| title | A great deal of ruin financial crises since 1929 |
| title_auth | A great deal of ruin financial crises since 1929 |
| title_exact_search | A great deal of ruin financial crises since 1929 |
| title_full | A great deal of ruin financial crises since 1929 James Gerber (San Diego State University) |
| title_fullStr | A great deal of ruin financial crises since 1929 James Gerber (San Diego State University) |
| title_full_unstemmed | A great deal of ruin financial crises since 1929 James Gerber (San Diego State University) |
| title_short | A great deal of ruin |
| title_sort | a great deal of ruin financial crises since 1929 |
| title_sub | financial crises since 1929 |
| topic | Finanzkrise (DE-588)7635855-0 gnd Weltwirtschaft (DE-588)4065468-0 gnd |
| topic_facet | Finanzkrise Weltwirtschaft |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=031518404&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=031518404&sequence=000003&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT gerberjames agreatdealofruinfinancialcrisessince1929 |