A Great Deal of Ruin provides an accessible introduction to the
enduring problem of financial crises. Illustrated with historical
analysis, case studies, and clear economic concepts, this book
explains in three parts what financial crises are, how they are
caused and what we can learn from them. It begins with a taxonomy
of crises and a list of factors that increase the risk for
countries experiencing a financial crisis. It then examines five of
the most important crises in modern economic history, beginning
with Great Depression and ending with the Subprime Crisis in the
United States and its evolution into a debt crisis in the Eurozone.
The book concludes with a set of lessons that can be learnt from
the crises of the past. It will appeal to university students as
well as general readers who are curious to learn more about the
recent Subprime Crisis and other financial crises.
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