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FINANCIAL CRISES

Edited by Michael Bordo, Professor of Economics, Rutgers, The State University of New Jersey, New Brunswick, US
This major reference collection presents in an accessible form the key articles and papers on the theory and history of financial crises. It includes both classic and contemporary writings on domestic financial crises, the transmission of crises between countries and the resolution of crises by both private and government authorities acting as lender of last resort.
Two volume set
Extent: 788 pp
Hardback Price: £242.00 Web: £217.80
Publication Date: 1992
ISBN: 978 1 85278 432 4
Availability: In Stock
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  • Economics and Finance
  • Financial Economics and Regulation
This major reference collection presents in an accessible form the key articles and papers on the theory and history of financial crises. It includes both classic and contemporary writings on domestic financial crises, the transmission of crises between countries and the resolution of crises by both private and government authorities acting as lender of last resort.

The book is divided into five sections. Section I on theories of financial crises presents two rival approaches to financial crises; the monetarist approach and the Fisher–Kindleberger–Minsky approach. It also includes recent Rational Expectations approaches. Section II contains readings on financial crises in US history while Section III presents case studies for other countries. Section IV contains readings on the international transmission of financial crises. Section V concludes with a number of articles on the resolution of financial crises.

Financial crises have been a topic of perennial interest – perhaps as old as economic science. This landmark book makes a singular contribution by presenting the most significant literature on this important topic in an accessible form.
‘Michael Bordo has gathered together in these two volumes a wide selection of reprints (in their original form) of existing work on the subject of financial crises. The two volumes provide a valuable basis on which readers may form their own views.’
– Sheila C. Dow, The Economic Journal
28 articles dating from 1915 to 1991
Contributors include: B.S. Bernanke, D.W. Diamond, R. Dornbusch, B. Eichengreen, I. Fisher, J.A. Frenkel, M. Friedman, C.A.E. Goodhart, J. Hoppit, C.J. Jacklin, C.P. Kindleberger, J. Miron
Contents
Introduction
Part I: The Surveys
1. Mira Wilkins (1977), 'Modern European Economic History and the Multinationals'
2. Mira Wilkins (1986), 'The History of European Multinationals: A New Look'
3. Mira Wilkins (1988), 'European and North American Multinationals, 1870–1914: Comparisons and Contrasts'
4. John Dunning (1983), 'Changes in the Level and Structure of International Production: the Last One Hundred Years'
Part II: The Pioneers
5. Mira Wilkins (1974), 'The American Model', a selection from the author's Epilogue to The Maturing of Multinational Enterprise, American Business Abroad from 1914 to 1970
6. John M.Stopford (1974), 'The Origins of British-Based Multinational Manufacturing Enterprises'
7. Lawrence Franco (1974), 'The Origins of Multinational Manufacturing by Continental European Firms'
8. Mira Wilkins (1986), 'Japanese Multinational Enterprise before 1914'
9. Geoffrey Jones (1986), 'Origins, Management and Performance'
Part III: New Perspectives
10. R.H. Coase (1937), 'The Nature of the Firm'
11. Edith Penrose (1956), 'Foreign Investment and the Growth of the Firm'
12. Oliver Williamson (1981), 'The Modern Corporation: Origins, Evolution, Attributes'
13. Mark Casson (1986), 'General Theories of the Multinational Enterprise: Their relevance to Business History'
14. Stanley Chapman (1985) 'British-based Investment Groups Before 1914'
15. Mira Wilkins (1988), 'The Free-Standing Company, 1870–1914: An Important Type of British Foreign Direct Investment'
16. Alfred D. Chandler (1980), 'The Growth of the Transnational Industrial Firm in the United States and the United Kingdom: A Comparative Analysis'
17. Mira Wilkins (1982), 'American-Japanese Direct Foreign Investment Relationships. 1930–1952'
18. Ann M. Carlos and Stephen Nicholas (1988), '"Giants of an Earlier Capitalism": The Chartered Trading Companies as Modern Multinationals'
Part IV: Case Studies
19. Geoffrey Jones (1984), 'The Growth and Performance of British Multinational Firms before 1939: The Case of Dunlop'
20. Geoffrey Jones (1984), 'Multinational Chocolate: Cadbury Overseas,
1918–39'
21. Tetsuo Abo (1982-83), 'ITT's International Business Activities, 1920–1940'.
Part V: Hosts to Multinationals
22. Geoffrey Jones (1988), 'Foreign Multinationals and British Industry before 1945'
23. Tetsuya Kuwahara (1989), 'The Japanese Cotton Spinners' Direct Investments into China Before the Second World War'
24. Masaru Udagawa (1985), 'The Pre-War Japanese Automobile Industry and American Manufacturers'
25. Emma Harris (1989), 'J.&P. Coates Ltd in Poland'