Charles P. Kindleberger v Dějinách finančních krizí analyzuje v historii se opakující vzorce finančních krizí, předkládá komplexní analýzu jejich příčin a důsledků a zkoumá monetární, psychologické i sociologické faktory, které přispívají ke vzniku mánií, panik a krachů. Publikace získala na aktuálnosti po hospodářské recesi z let 2007 až 2009 a pandemické krizi z roku 2020.
What We've Learned—And Have Still to Learn—From the Financial Crisis
From the chief economic commentator for the Financial Times comes a brilliant exploration of the new global economy and its trajectory. This work is not just another history of the financial crisis that began in 2007–8; it offers a compelling account of what the crisis teaches us about modern economies and economics. The author identifies the crisis's origins in the complex interplay of globalization, destabilizing global imbalances, and a fragile financial system. In the eurozone, these instabilities were exacerbated by the flawed architecture of the monetary union. The book critiques the complacency of the pre-crisis monetary and financial policy orthodoxy, exposing the failures of the financial, political, and intellectual elites who managed the system. It also assesses the reforms made to the financial and monetary systems since the crisis, questioning whether we are on a sustainable path. The author argues that further crises are inevitable, particularly due to the eurozone's management, which he believes will lead to significant political turmoil in the future. He proposes more ambitious and comprehensive reform plans than those currently in place. With sharp analysis and critical insight, this work is essential reading for anyone interested in global affairs.
"Designed to bring Europe closer together, the euro has actually done the opposite- after nearly a decade without growth, unity has been replaced with dissent and enlargements with prospective exits. Joseph Stiglitz argues that Europe's stagnation and bleak outlook are a direct result of the fundamental flaws inherent in the euro project - economic integration outpacing political integration with a structure that actively promotes divergence rather than convergence. Money relentlessly leaves the weaker member states and goes to the strong, with debt accumulating in a few ill-favoured countries. The question now is- can the euro be saved? Laying bare the European Central Bank's misguided inflation-only mandate and explaining why austerity has condemned Europe to unending stagnation, Stiglitz outlines three possible ways forward- fundamental reforms in the structure of the Eurozone and the policies imposed on the member countries suffering the most; a well-managed end to the euro; or a bold, new system he dubs the 'flexible euro;. This important book, by one of the world's leading economists, addresses the euro-crisis on a bigger intellectual scale than any predecessor."