The wave of economic implosionsof the 1990s threw hundreds of thousands of individuals into poverty and distress. Unlike earlier outbreaks of economic instability, within the late 1990s, crises weren’t confined to the peripheral areas of the worldwide financial system. To the bewilderment of many, misery quickly unfold to the seemingly well-governed, superior capitalist world. The difficulties confronted by high-profile companies like LTCM, Enron, WorldCom, Parlamat, Fannie Mae and Freddie Mac, together with the burst of the Nasdaq bubble itself, have accentuated the fragility of finance, and compromised many standard views on disaster and its administration. What, then, are the causes of fragile finance immediately? How can we higher perceive the character of economic disaster within the age of globalization? What classes might be drawn from the current expertise? Exploring numerous approaches to understanding monetary fragility and disaster, this e book seeks to supply solutions to those questions.
Anastasia Nesvetailova – Fragile Finance
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