Books > Business & Economics > Business & management
|
Buy Now
Financial Dynamics and Business Cycles - New Perspectives (Hardcover)
Loot Price: R3,542
Discovery Miles 35 420
|
|
Financial Dynamics and Business Cycles - New Perspectives (Hardcover)
Expected to ship within 12 - 17 working days
|
As the 55th anniversary of the bank holiday of March 1933
approached, financial instability was a main topic in the financial
press. Daily reports appeared of international debt crises, of the
covert bankruptcy of deposit insurance, and of the near bankruptcy
of one great financial institution after another. The great stock
market crash of October 19 and 20, 1987, demonstrated that extreme
instability can happen. It is generally asserted that the
consequences of October 19th and 20th would have been disastrous if
the Federal Reserve and Treasury interventions had not set things
right. In 1933, financial markets in the United States and
throughout the capitalist world collapsed. In the light of
historical experience, the past 55 years are the anomaly. The
papers collected in this volume come from various backgrounds and
research paradigms. A common theme runs through these papers that
makes the collection both interesting and important: The authors
take seriously the obvious evidence that capitalist economies
progress through time by lurching. Whether a particular study
starts from household utility maximization or from the processes by
which productive structures are reproduced and expanded, the
authors are united in accepting the evidence that financial
instability is a significant characteristic of modern capitalism.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.