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Studies in Economic History

Coping with Financial Crises

Some Lessons from Economic History

Editors: Rockoff, Hugh, Suto, Isao (Eds.)

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  • Explores aspects of financial markets before and after crises that have not previously been examined by economic historians
  • Takes a broad international view and includes studies of Sweden, Japan, France, Britain, and the United States
  • Breaks new ground in the quantitative study of money, interest rates, and the behavior institutions and policymakers in financial crises
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eBook $109.00
price for USA (gross)
  • ISBN 978-981-10-6196-7
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
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  • Immediate eBook download after purchase
Hardcover $149.99
price for USA
  • ISBN 978-981-10-6195-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $149.99
price for USA
  • ISBN 978-981-13-4822-8
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

This edited volume is based on original essays first presented at the World Economic History Conference, Kyoto, Japan, in August 2015. It also includes three essays subsequently written especially for this volume. All of the essays focus on financial markets in the periods leading up to, during, and after financial crises, and all are based on new data and archival research. The essays in this volume enlarge the range of historical evidence on the causes and potential cures for financial crises. While not neglecting the United States or Britain, the usual focus of financial historians, it includes studies of financial markets in times of crisis in Japan, Sweden, France, and other countries to achieve a truly global and historical perspective. As a result of the research reported here the reader will be made aware of several neglected factors that have shaped financial crises including the most recent crisis. These factors are (1) the role played by monetary policy in causing and ameliorating crises, (2) the role played by international contagion in private financial markets in propagating financial crises, (3) the role played by variations in the institutional structures of financial markets in determining the impact of financial crises, and (4) the role played by the social background of the central bankers who must contend with financial crises in determining the final outcome.

About the authors

Hugh Rockoff is a distinguished professor of economics at Rutgers, The State University of New Jersey, and a research associate of the National Bureau of Economic Research. His research focuses on the history of monetary policy and financial regulation, and the economics of war. He is the author of books on the U.S. Free Banking Era and the history of price controls in the United States, and of many papers in professional journals. His latest book is America's Economic Way of War: War and the US Economy from the Spanish-American War to the Persian Gulf War. He is also the author, with Gary Walton, of a textbook: History of the American Economy. His undergraduate degree is from Earlham College and his Ph.D. from the University of Chicago.

Isao Suto is a professor of economic history at Meiji University, Tokyo. He gained his Ph.D. in economics from Nagoya University. His books include Shaping of the Post-War Federal

Reserve Policy: From New Deal to the Accord (2008).

Table of contents (7 chapters)

Table of contents (7 chapters)
  • Reflections on the Evolution of Financial Crises: Theory, History and Empirics

    Pages 1-15

    Bordo, Michael D.

  • The International Contagion of Short-Run Interest Rates During the Great Depression

    Pages 17-46

    Maveyraud, Samuel (et al.)

  • Banking Crises and Lender of Last Resort in Theory and Practice in Swedish History, 1850–2010

    Pages 47-76

    Ögren, Anders

  • It is Always the Shadow Banks: The Regulatory Status of the Banks that Failed and Ignited America’s Greatest Financial Panics

    Pages 77-106

    Rockoff, Hugh

  • Milton Friedman and Anna J. Schwartz on the Inherent Instability of Fractional Reserve Banking

    Pages 107-129

    Rockoff, Hugh

Buy this book

eBook $109.00
price for USA (gross)
  • ISBN 978-981-10-6196-7
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $149.99
price for USA
  • ISBN 978-981-10-6195-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $149.99
price for USA
  • ISBN 978-981-13-4822-8
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.

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Bibliographic Information

Bibliographic Information
Book Title
Coping with Financial Crises
Book Subtitle
Some Lessons from Economic History
Editors
  • Hugh Rockoff
  • Isao Suto
Series Title
Studies in Economic History
Copyright
2018
Publisher
Springer Singapore
Copyright Holder
Springer Nature Singapore Pte Ltd.
eBook ISBN
978-981-10-6196-7
DOI
10.1007/978-981-10-6196-7
Hardcover ISBN
978-981-10-6195-0
Softcover ISBN
978-981-13-4822-8
Series ISSN
2364-1797
Edition Number
1
Number of Pages
XII, 192
Number of Illustrations
10 b/w illustrations, 39 illustrations in colour
Topics