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A Brief History of Doom: Two Hundred Years of Financial Crises - Couverture rigide

Livre 52 sur 65: Haney Foundation Series

Vague, Richard

 
9780812251777: A Brief History of Doom: Two Hundred Years of Financial Crises
Couverture rigide
ISBN 10 : 0812251776 ISBN 13 : 9780812251777
Editeur : University of Pennsylvania Press, 2019

Synopsis

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.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

À propos de l'auteur

Philanthropist and former banker Richard Vague is a managing partner of Gabriel Investments, Chairman of The Governor's Woods Foundation, and author of The Next Economic Disaster: Why It's Coming and How to Avoid It, also available from the University of Pennsylvania Press.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
University of Pennsylvania Press
Date d'édition
2019
Langue
anglais
ISBN 10 
0812251776
ISBN 13 
9780812251777
Reliure
Relié
Nombre de pages
240
Coordonnées du fabricant
non disponible
Personne responsable
non disponible