Titlebook: Manias, Panics, and Crashes; A History of Financi Robert Z. Aliber,Charles P. Kindleberger Book 20157th edition The Editor(s) (if applicabl

原始

混雜人

,International Contagion 1618–1930,at occur at about the same time in different countries — why did Mexico, Brazil, and Argentina have banking crises in the summer of 1982 and why did Iceland and Britain have a crisis at about same time as the one in the United States in 2008.

Anterior

政府

Antimicrobial

Heretical

尾巴

,The Lehman Panic — An Avoidable Crash,its leverage; its assets were more than thirty times its capital. At times, Lehman’s leverage may have been as much as forty times its capital; at the end of each quarter, Lehman engaged in ‘window dressing’ so that its reported leverage appeared smaller than the leverage that it had had in the previous several months.

neutral-posture

Epilogue,arly 10 percent for nearly thirty years. China is the world’s second largest economy and even if its growth rate were to decline sharply, China will eventually surpass the United States as the world’s largest economy.

onlooker

托人看管

Speculative Manias,om the observation that manias occur episodically. This chapter focuses on the increases in the investor demand for a particular type of security or asset and the next chapter is centered on increases in the supply of credit.