Focusing on the evolving global economy, this revised edition offers an in-depth analysis of international financial developments. It covers the intricacies of payment structures and examines the emergence of credit and asset bubbles, alongside the financial crises they can trigger. The book serves as a valuable resource for understanding the complexities of the international money market and its impact on global finance.
Manias, Panics, and Crashes, Fifth Edition is an engaging 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 puts the turbulence of the financial world in perspective. The updated fifth edition expands upon each chapter, and includes two new chapters focusing on significant financial crises of the last fifteen years.
The book explores how varying economic growth rates across countries influence the performance and strategies of individual firms. It delves into the relationship between macroeconomic conditions and business operations, offering insights into how companies can adapt to different economic environments. Through case studies and analysis, it highlights the importance of understanding these dynamics for effective decision-making and competitive advantage in a global marketplace.