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Palgrave Macmillan Studies in Banking and Financial Institutions

Fragile Finance

Debt, Speculation and Crisis in the Age of Global Credit

Authors: Nesvetailova, A.

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About this book

Fragile Finance examines financial crisis in the era of global credit. Drawing on the work of Hyman Minsky, the book discusses the global financial system over the past decade, suggesting that financial fragility stems from an explosive combination of financial innovation, over-borrowing, and progressive illiquidity of financial structures.

About the authors

ANASTASIA NESVETAILOVA is Lecturer in International Political Economy at City University, London, UK. Her research work focuses on the themes of global financial fragility and crises; the formation of financial and monetary policies; and process of capitalist evolution in Russia and other FSU countries.

Reviews

'It would be enough that Anastasia Nesvetailova has brought Hyman Minsky to our attention. But she has done more: she offers a vibrant and controversial reading of why today's global financial system is unstable and prone to crisis. This is an original work that challenges how we should think about global finance. It will be read and engaged with by anyone who seeks a deep knowledge of one of the most important elements of our contemporary global political economy.' - Randall Germain, Associate Professor, Carleton University, Canada

'All observers of global finance sense its unstable foundations. In Fragile Finance, Anastasia Nesvetailova takes us to the heart of debates about this concern. Drawing on a range of case studies and theories, especially the work of Hyman Minsky, she provides a compelling argument that illiquidity remains an ever-present threat, despite the huge volumes of financial transactions. This is essential reading for students and practitioners of global finance, although they may find its message disturbing.' - Dick Bryan, Associate Professor of Political Economy, University of Sydney, Australia and author of Capitalism with Derivatives: A Political Economy of Financial Derivatives, Capital and Class.

'The book explains why governments struggle to stay 'in control' using combinations of regulation or deregulation, and interest and currency exchange rates...To form your own opinion, I recommend that you read this book. It is packed with facts and is cross-referenced to a large bibliography...' - Albert Elder, Accounting Technician


Table of contents (10 chapters)

  • Introduction

    Nesvetailova, Anastasia

    Pages 1-8

  • The Rise of Fragile Finance

    Nesvetailova, Anastasia

    Pages 9-24

  • A Theory of Fragile Finance

    Nesvetailova, Anastasia

    Pages 25-41

  • Keynesian and Heterodox Theories of Financial Crises

    Nesvetailova, Anastasia

    Pages 42-55

  • Hyman Minsky and Fragile Finance

    Nesvetailova, Anastasia

    Pages 56-71

Buy this book

eBook $99.00
price for USA (gross)
  • ISBN 978-0-230-59230-8
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $125.00
price for USA
  • ISBN 978-0-230-00690-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $120.00
price for USA
  • ISBN 978-1-349-28272-2
  • Free shipping for individuals worldwide
  • This title is currently reprinting. You can pre-order your copy now.

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Bibliographic Information

Bibliographic Information
Book Title
Fragile Finance
Book Subtitle
Debt, Speculation and Crisis in the Age of Global Credit
Authors
Series Title
Palgrave Macmillan Studies in Banking and Financial Institutions
Copyright
2007
Publisher
Palgrave Macmillan UK
Copyright Holder
Palgrave Macmillan, a division of Macmillan Publishers Limited
eBook ISBN
978-0-230-59230-8
DOI
10.1057/9780230592308
Hardcover ISBN
978-0-230-00690-4
Softcover ISBN
978-1-349-28272-2
Edition Number
1
Number of Pages
XI, 190
Topics