ABSTRACT
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.
TABLE OF CONTENTS
part I|42 pages
The socio-economic context
chapter 1|4 pages
An introduction to the evolution of financial fragility
chapter 2|8 pages
Illustrations of manias, panics and crises
chapter 4|12 pages
The impact of uncertainty on (in)forming behaviour
part II|30 pages
The progression of a mania–panic episode
chapter 7|8 pages
The other side of the coin
part III|39 pages
Variations in manias, panics and crises