The economics of financial markets and the 1987 crash
36 min read
Rate this book:
About This Book
The Economics of Financial Markets and the 1987 Crash is the first thorough and systematic account of the antecedents and economic consequences of the stock market crash of 1987 in the world's major financial centres.
In determining the causes of that crash, Jan Toporowski examines the way in which finance and capital markets operate and concludes that the crash was an economically insignificant event in the general inflation of capital markets. Dr Toporowski argues that rather than the crash itself, it was capital market inflation that eventually contributed to the economic slump of the 1990s.
In so doing, he presents original theories on finance and capital markets, banking cycles, financial regulation and the economic consequences of deregulation. The book also features a critique of Keynes's liquidity preference theory and an account of how Japanese financial institutions helped Wall Street and the London market after the crash.
. Written by an economist with an 'insider's' view of finance and capital markets - the author was formerly Senior Economist with Standard Chartered Bank - this book presents a theoretical analysis which explains how financial markets actually work. The Economics of Financial Markets and the 1987 Crash will be welcomed by economists, financiers, the educated public and policy makers concerned with issues of financial instability and the financial roots of economic stagnation.
In determining the causes of that crash, Jan Toporowski examines the way in which finance and capital markets operate and concludes that the crash was an economically insignificant event in the general inflation of capital markets. Dr Toporowski argues that rather than the crash itself, it was capital market inflation that eventually contributed to the economic slump of the 1990s.
In so doing, he presents original theories on finance and capital markets, banking cycles, financial regulation and the economic consequences of deregulation. The book also features a critique of Keynes's liquidity preference theory and an account of how Japanese financial institutions helped Wall Street and the London market after the crash.
. Written by an economist with an 'insider's' view of finance and capital markets - the author was formerly Senior Economist with Standard Chartered Bank - this book presents a theoretical analysis which explains how financial markets actually work. The Economics of Financial Markets and the 1987 Crash will be welcomed by economists, financiers, the educated public and policy makers concerned with issues of financial instability and the financial roots of economic stagnation.
Buy This Book
As an Amazon Associate and Bookshop.org affiliate, BookOrb earns from qualifying purchases.
Write a Review
Sign in to write a review.
More by Jan Toporowski
Credit and Crisis from Marx to
Credit and Crisis from Marx to Minsky
Economic Crisis and Political
Economic Crisis and Political Economy Vol. 2
European destiny and macro-eco
European destiny and macro-economic responsibility, financial systems in Germany and the U.K
Finance and Industrial Policy
Financial markets and financia
Financial markets and financial fragility
Handbook of critical issues in finance