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Manias, Panics, and Crashes - A History of Financial Crises (Paperback, 8th ed. 2023)
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Manias, Panics, and Crashes - A History of Financial Crises (Paperback, 8th ed. 2023)
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In the Eighth Edition of this classic text on the financial history
of bubbles and crashes, Robert McCauley joins with Robert Aliber in
building on Charles Kindleberger's renowned work. McCauley draws on
his central banking experience to introduce new chapters on
cryptocurrency and the United States as the 21st Century global
lender of last resort. He also updates the book's coverage of the
recent property bubble in China, as well as providing new
perspectives on the US housing bubble of 2003-2006, and the
Japanese bubble of the late 1980s. And he gives new attention to
the social psychology that leads people to take the risk of
investing in Ponzi schemes and asset price bubbles. For the first
time in this revised and updated edition, figures highlight key
points to ensure that today's generation of finance and economic
researchers, students, practitioners and policy-makers-as well as
investors looking to avoid crashes-have access to this panoramic
history of financial crisis.
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