The Economics of Financial Markets and the 1987 Crash - Couverture souple

Toporowski, Jan

Couverture souple

ISBN 10 : 1852789158 ISBN 13 : 9781852789152

Editeur : Edward Elgar Publishing Ltd, 1995

Synopsis

The Economics of Financial Markets and the 1987 Crash is the first thorough and systematic account of the antecedents and economic consequences of the stock market crash of 1987 in the world’s major financial centres.

In determining the causes of that crash, Jan Toporowski examines the way in which finance and capital markets operate and concludes that the crash was an economically insignificant event in the general inflation of capital markets. Dr Toporowski argues that rather than the crash itself, it was capital market inflation that eventually contributed to the economic slump of the 1990s. In so doing, he presents original theories on finance and capital markets, banking cycles, financial regulation and the economic consequences of deregulation. The book also features a critique of Keynes’s liquidity preference theory and an account of how Japanese financial institutions helped Wall Street and the London market after the crash.

Written by an economist with an ‘insider’s’ view of finance and capital markets - the author was formerly Senior Economist with Standard Chartered Bank - this book presents a theoretical analysis which explains how financial markets actually work. The Economics of Financial Markets and the 1987 Crash will be welcomed by economists, financiers, the educated public and policymakers concerned with issues of financial instability and the financial roots of economic stagnation.

A propos du livre

À propos de l'auteur

Jan Toporowski, Professor of Economics and Finance, SOAS University of London, UK, Visiting Professor of Economics and Finance, International University College, Turin, and Visiting Professor of Economics, University of Bergamo, Italy

Détails de l'édition

• Éditeur: Edward Elgar Publishing Ltd
• Date d'édition: 1995
• Langue: anglais
• ISBN 10: 1852789158
• ISBN 13: 9781852789152
• Reliure: Broché
• Nombre de pages: 176
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible