This study explores the major patterns of change in the evolution
of financial crises as enduring phenomena and analyzes the
paradoxical position that crises are at once similar to and
different from each other. Brenda Spotton-Visano examines economic,
psychological and social elements intrinsic to the process of
capitalist accumulation and innovation to explain the enduring
similarities of crises across historical episodes. She also
assesses the impact that changing financial and economic structures
have on determining the specific nature of crises and the
differential effect these have in focal point, manner and extent of
transmission to other, otherwise unrelated, parts of the economy.
Financial Crises offers a consistent method for interpreting
variations in financial crises through time and allows for a better
overall appreciation for both the transitory fragility and enduring
flexibility of financial capitalism and the potential vulnerability
created by on-going financial development. Topical and informative,
this key book is of keen interest to all those studying and
researching international economics and political economy.
General
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