Description
‘A masterclass in spotting the early signs of a crisis’ Nouriel Roubini
‘This is the historical perspective we need’ John Kay
‘A first point of entry for anybody who wants to learn how the world sleep-walked into multiple crashes’ Daron Acemoglu
‘Fascinating, well-written and authoritative’ Tim Harford
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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.
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‘An important contribution that can help society anticipate and tackle potential crashes in the future’ Christine Lagarde
