Financial History

This book tells the untold story of how JPMorgan became a universal bank in the 1980s-1990s and the events leading to it being acquired by Chase in 2000. It depicts the challenges Morgan's leaders, Lew Preston and Dennis Weatherstone, confronted when the firm's business model was disrupted by the developing country debt crisis, up to its current management with Jamie Dimon.

Misunderstanding Financial Crises offers a back-to-basics overview of financial crises and shows that they are not rare, idiosyncratic events caused by a perfect storm of unconnected factors. Instead, Gorton shows how financial crises are, indeed, inherent to our financial system.

2009: The Year You Can’t Afford to Make Any Mistakes with Your Money. The credit crunch, the stock market freefall, the staggering toll of home foreclosures and job losses: The economic crisis that struck in 2008 has left no one untouched and everybody reeling. Seemingly overnight, the...

In March 2006, the world’s richest men sipped champagne in an opulent New York hotel. They were preparing to compete in a poker tournament with ­million-dollar stakes. At the card table that night was Peter Muller, who managed a fabulously successful hedge fund called PDT. With him was Ken...

A fast-paced and incisive narrative from one of the country’s most respected journalists and historians using his unique access to the White House to produce an inside look at Obama’s difficult presidency. Barack Obama’s inauguration as president on January 20, 2009, inspired the world...

You’ve heard of the scheme. Now comes the man behind it. In Mitchell Zuckoff's exhilarating book, the first nonfiction account of Charles Ponzi, we meet the charismatic rogue who launched the most famous and extraordinary scam in the annals of American finance. It was a time when anything...

Edited by three of the policymakers who led the government's response to the crisis, with chapters written by the teams tasked with finding policy solutions, this book provides a comprehensive accounting of the internal debates and controversies surrounding the measures that were taken to stabilize the financial system and the economy. Offering previously untold insight into the key choices (including rejected options) and a frank evaluation of successes and failures, this volume is both an important historical document and an indispensable guide for confronting future financial calamities.

When Charles P. Kindleberger's Manias, Panics, and Crashes: A History of Financial Crises was first published in 1978, the world was entering a new period of global economic turbulence. Established economists based their analyses on the assumption that investors act rationally, and these economists often communicated their ideas with dry, technical language. Kindleberger rebelled against convention. Using a more literary and descriptive style, he came up with a new view.

The Great Recession that began in 2007 is now more than four years old—and counting. Some 24 million Americans are unemployed or underemployed, and at recent rates of job creation we won’t be back to normal levels of employment until late this decade. This is a tragedy. Do we have to accept...

The bailouts during the recent financial crisis enraged the public. They felt unfair - and counterproductive: people who take risks must be allowed to fail. If we reward firms that make irresponsible investments, aren't we encouraging them to continue to act irresponsibly? Bailouts have happened throughout economic history and are unavoidable in any modern, market-based economy. And they're actually good. Contrary to popular belief, the financial system cannot operate properly unless the government stands ready to bail out banks and other firms.

Behind every financial crisis lurks a "political bubble" - policy biases that foster market behaviors leading to financial instability. Rather than tilting against risky behavior, political bubbles - arising from a potent combination of beliefs, institutions, and interests - aid, abet, and amplify risk.

A stunning and revealing examination of oil's indelible impact on the countries that produce it and the people who possess it. Every unhappy oil-producing nation is unhappy in its own way, but all are touched by the "resource curse"—the power of oil to exacerbate existing problems and create...

இநதய ஒர பககம ஏழகள நறநத நட, இனனர பககம பலலயரம கட மதபபலன நத மசடகள. இத எபபடச சததயம? நத மசடகள எபபடயலலம நடநதரககனறன எனபத ஆழமகப பரநதகணடலதன, மணடம அபபட ஒர நத மசட நடககமல நடடப பதககக மடயம. இதவ இநதப பததகதத மககயமனதகககறத. இநதயவ அதரவதத மககயமன நத மசடகளயம, அவ எபபட நகழததபபடடன எனபன பனற வவரஙகளயம தலலயமக இநத நலல எழத இரககறர ந.கபலகரஷணன.

“They’re still trying to hide the weenie,” thought Sherron Watkins as she read a newspaper clipping about Enron two weeks before Christmas, 2001. . . It quoted [CFO] Jeff McMahon addressing the company’s creditors and cautioning them against a rash judgment. “Don’t assume that there...

From five-time #1 New York Times bestselling author, radio host, and “one of the conservative moment’s most influential voices” (The Washington Times) Mark R. Levin comes a searing plea for a return to America’s most sacred values. In Rediscovering Americanism, Mark R. Levin revisits the...

There have been numerous books examining the 2008 financial crisis from either a US or European perspective. Tamim Bayoumi is the first to explain how the Euro crisis and US housing crash were, in fact, parasitically intertwined. Starting in the 1980s, Bayoumi outlines the cumulative policy errors that undermined the stability of both the European and US financial sectors, highlighting the catalytic role played by European mega banks that exploited lax regulation to expand into the US market and financed unsustainable bubbles on both continents.

During the Revolution, relatively little consideration had been given to the role of the federal government in the new nation, and the precise role and authority of an overarching entity with responsibility for all states within the union was a major problem. One of the most urgent tasks Washington faced was the establishment of a treasury to oversee the finances of America and regulate its currency. The Panic of 1792 examines the origins of America’s financial system, and how it was disastrously affected so shortly after the Constitution was ratified.

Hong Kong: The History and Legacy of Asia’s Leading Financial Center chronicles the turbulent history of Hong Kong, and how it became one of the wealthiest places in the world despite its challenging political environment.

This book examines fifteen judgments that have influenced the financial destiny of India. With significant macroeconomic dimensions, these judgments, when explored, show a long-term impact on the economy. In doing so, judgments from different times of history have been examined to give the...

Warren Buffett has repeatedly acknowledged Benjamin Graham, a man he personally studied and worked under, as the primary influence on his investment approach. Indeed, there is a direct line between the record-shattering investing performance of Buffett (and other value investors) and Graham's life. In six books and dozens of papers, Graham—widely known as the "Dean of Wall Street"—left an extensive account of an investing system that, as Buffett can attest to, actually works!