Ebook: Manias, panics and crashes : a history of financial crises

Manias, Panics and Crashes, Fifth Edition is a scholarly and entertaining account of the way that mismanagement of money and credit has led to financial explosions over the centuries. Covering such topics as the history and anatomy of crises, speculative manias, and the lender of last resort, this book has been hailed as 'a true classic ... both timely and timeless.' In this new, updated Fifth Edition, Kindleberger and Aliber expand upon the ideas presented in the previous edition, and include two new chapters on the real estate price bubble that ocurred in Norway, Sweden and Finland at the end of the 1980s, and the three asset price bubbles that occurred between 1985 and 2000 in Japan and other Asian countries. Selected as one of the best investment books of all time by the Financial Times, Manias, Panics and Crashes puts the turbulence of the financial world in perspective.  Read more... Financial crisis : a hardy perennial -- Anatomy of a typical crisis -- Speculative manias -- Fueling the flames : the expansion of credit -- The critical stage -- Euphoria and economic booms -- International contagion -- Bubble contagion : Tokyo to Bangkok to New York -- Frauds, swindles, and the credit cycle -- Policy responses : letting it burn out, and other devices -- The international lender of last resort -- The lessons of history and the most tumultuous decades ever