作者:
Charles P. Kindleberger
/
Robert Z. Aliber 出版社: Palgrave Macmillan 副标题: A History of Financial Crises, Sixth Edition 出版年: 2011-8-9 页数: 368 定价: GBP 20.00 装帧: Paperback ISBN: 9780230365353
This highly anticipated sixth edition has been revised to include an in-depth analysis of the first global crisis of the twenty-first century. Providing a scholarly and entertaining account of such topics as the history of crises, speculative manias and Lehman Brothers, this book has been hailed as 'a true classic...both timely and timeless.'
作者简介
· · · · · ·
Charles P. Kindleberger (1910 – 2003) was the Ford Professor of Economics at MIT for 33 years. He was a financial historian and prolific writer who has published 30 books.
Robert Aliber is Professor Emeritus of International Economics and Finance at the University of Chicago Graduate School of Business, where he has been a faculty member since 1965. His books include The New In...
Charles P. Kindleberger (1910 – 2003) was the Ford Professor of Economics at MIT for 33 years. He was a financial historian and prolific writer who has published 30 books.
Robert Aliber is Professor Emeritus of International Economics and Finance at the University of Chicago Graduate School of Business, where he has been a faculty member since 1965. His books include The New International Money Game, (Palgrave Macmillan) now in its seventh edition, as well as the book Your Money and Your Life.
目录
· · · · · ·
Tables vi
Foreword vii
Robert M. Solow
1 Financial Crisis: a Hardy Perennial 1
2 The Anatomy of a Typical Crisis 26
3 Speculative Manias 39
· · · · · ·
(更多)
Tables vi
Foreword vii
Robert M. Solow
1 Financial Crisis: a Hardy Perennial 1
2 The Anatomy of a Typical Crisis 26
3 Speculative Manias 39
4 Fueling the Flames: the Expansion of Credit 62
5 The Critical Stage - When the Bubble Is About To Pop 84
6 Euphoria and Paper Wealth 107
7 Bernie Madoff: Frauds, Swindles, and the Credit Cycle 117
8 International Contagion 1618-1930 154
9 Bubble Contagion: Mexico City to Tokyo to Bangkok to New York, London and Reykjavik 170
10 Policy Responses: Benign Neglect, Exhortation, and Bank Holidays 191
11 The Domestic Lender of Last Resort 213
12 The International Lender of Last Resort 229
13 The Lehman Panic — An Avoidable Crash 257
14 The Lessons of History 273
15 Epilogue 2010-2020 297
Appendix 302
Notes 312
Index 343
· · · · · · (收起)
Despite the motivation to establish a credit institution that would help avoid a repetition of the experiences of the 1930s, the structure of the fund meant it could not act as a lender of last resort because it did not have its own money. Instead the IMF could lend money to countries to help them finance their current account deficits within modest limits. ... The lesson of 1931 concerning the need for a lender of last resort was not learned. At Bretton Woods, the IMF was created to finance current-account deficits, within moderate limits.
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The IMF is not a central bank and it cannot create money; instead it can lend the money it has obtained from the capital subscriptions of its members and its own borrowings. The quota system of the IMF makes it different from a central bank, which can create domestic money.
A world central bank would be a more efficient lender of last resort than the IMF, but an improbable one. Outside the European Monetary Union, most large countries regard the issue and control of money as a mark of sovereignty; in the United States, these functions are enshrined in the Constitution.
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The purpose of establishing a lender of last resort is to contain systematic risks which could spread, in stressed times, to affect other firms or countries that are otherwise healthy in stable period...The purpose of establishing a lender of last resort is to contain systematic risks which could spread, in stressed times, to affect other firms or countries that are otherwise healthy in stable periods. Still, the problem of moral hazard haunts, which brings about credit over-expansion and then the crash though the lender of last resort exists. (展开)
这本书的材料非常详实，各章后面列出的索引，对于研究泡沫和金融危机提供了一个很好的文献目录。美中不足的是，不知道是不是由于多次再版的缘故，同一件事在不同章节中都有论述，虽然侧重点和角度不同，但略有重复。 加尔布雷斯在A Short History of Financial Euphoria中指出...
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1 有用 宝宝TWO 2019-01-05 20:16:57
就那么些例子，被数以万计的书反过来复过去的说，悲哀
1 有用 momonono 2015-04-30 14:07:51
在仔细地看作者对于financial crisis的解读，历史那段可以不用看，原因部分分析的还是蛮多角度的，配合moral animal看就觉得妈蛋搞投资的都是冷血动物我们需要感化他们=，=
0 有用 Fiat Lux™ 2015-04-27 01:39:35
经济史中的翘楚。
0 有用 踏水而行 2014-12-21 10:31:36
之前读过，觉得写的太乱，看不下去。几年后再看了新一版的，居然觉得还不错。略失之肤浅，但许多结论性的描述还是很到位的。跟明斯基的stabilizing an unstable economy 有不少观点相近。
0 有用 是屹不是乞 2019-08-22 22:03:14
我觉得写得太好了！信息不透明的话是很容易引起公众恐慌，毕竟不能去假设每个人都是理性的。
0 有用 是屹不是乞 2019-08-22 22:03:14
我觉得写得太好了！信息不透明的话是很容易引起公众恐慌，毕竟不能去假设每个人都是理性的。
1 有用 宝宝TWO 2019-01-05 20:16:57
就那么些例子，被数以万计的书反过来复过去的说，悲哀
0 有用 木の南 2016-01-30 13:38:47
断断续续地看，主要是感觉前面很多部分编排的令我感觉很混乱..主要观点跟明斯基的类似
0 有用 讲不清楚 2015-10-29 01:32:08
The purpose of establishing a lender of last resort is to contain systematic risks which could spread, in stressed times, to affect other firms or countries that are otherwise healthy in stable period... The purpose of establishing a lender of last resort is to contain systematic risks which could spread, in stressed times, to affect other firms or countries that are otherwise healthy in stable periods. Still, the problem of moral hazard haunts, which brings about credit over-expansion and then the crash though the lender of last resort exists. (展开)
1 有用 momonono 2015-04-30 14:07:51
在仔细地看作者对于financial crisis的解读，历史那段可以不用看，原因部分分析的还是蛮多角度的，配合moral animal看就觉得妈蛋搞投资的都是冷血动物我们需要感化他们=，=