The global economy has weathered the most tumultuous century in modern financial history.
Since the Wall Street Crash in 1929,financial meltdowns have repeatedly sent shockwaves through our world. From the currency crises of the 1980s and 1990s,to Japan's housing crash,the dot com boom and bust,the global financial meltdown,the euro crisis and the COVID pandemic, The Great Crashes tells the stories of ten of these historic events. They serve as a series of cautionary tales,each with their own set of lessons to be learnt.
With clear-eyed analysis,renowned economist Dr Linda Yueh extracts a three step framework to help recognise the early signs of a crash and mitigate the effects - all with the hope of preventing the worst mistakes of the past from being repeated in the next inevitable financial crisis. She warns about where the next one might come from and shows how her framework could contain it.
Combining her in-depth knowledge with compelling storytelling,The Great Crashes is essential reading that offers urgent lessons for the modern world.
Publisher: Penguin Books LtdISBN: 9780241422755Number of pages: 256Weight: 440 gDimensions: 238 x 164 x 26 mm
MEDIA REVIEWS
'Linda Yueh's analysis of what past financial crises have in common is an important contribution that can help society anticipate and tackle potential crashes in the future'- Christine Lagarde,President of the European Central Bank
'A first point of entry for anybody who wants to learn how the world economy sleep-walked into multiple crashes over the last century'- Daron Acemoglu,Institute Professor,MIT,and author of Why Nations Fail
'Fascinating,well-written and authoritative'- Tim Harford
'An accessible and insightful overview of modern financial crises,incorporating both historical detail and thoughtful analysis'- Kenneth Rogoff
'Linda provides many with a very readable summary of all the great crises,but also more importantly derives the big lessons and how to have a better policy framework to avoid getting caught up in too much " this time it is different" when the next big risks appear'- Jim O'Neill,author of The Growth Map
'A masterclass in spotting the early signs of a crisis. Linda Yueh expertly shows how we can understand these crashes better when they occur and even prevent them from happening in the future. A accessible yet rich study of our most turbulent economic years'- Nouriel Roubini,author of Megathreats
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