Discusses two basic principles of international short-term capital movements: that short-term capital in the balance of payments and in a national banking system should be regarded as equivalent to gold and that equilibrium in the foreign-exchange market and in the balance of payments can be...

The author discusses the economic forces that determined the amounts of silver that stayed in various countries or passed through. The central issue is whether there is one balancing model of the balance of payments - the price-specific-flow model in the period concerned - or three, with...

Frontmatter -- ACKNOWLEDGMENTS -- CONTENTS -- INTRODUCTION -- CHAPTER 1. AN OUTLINE OF FRENCH AND BRITISH ECONOMIC GROWTH SINCE 1851 -- CHAPTER 2. RESOURCES -- CHAPTER 3. CAPITAL -- CHAPTER 4. POPULATION -- CHAPTER 5. SOCIAL DETERMINANTS OF GROWTH -- CHAPTER 6. ENTREPRENEURSHIP -- CHAPTER 7....

Frontmatter -- ACKNOWLEDGMENTS -- CONTENTS -- TABLES -- FIGURES -- INTRODUCTION -- CHAPTER I. The Lewis Model of Growth with Unlimited Supplies of Labor -- CHAPTER II. Fast-Growing Developed Economies with Expanding Labor Supply: Germany, Italy, Switzerland, and the Netherlands -- CHAPTER III....

Frontmatter -- Preface -- Contents -- 1. Comparative Economic History -- 2. Group Behavior and International Trade -- 3. The Rise of Free Trade in Western Europe, 1820 to 1875 -- 4. The Formation of Financial Centers -- 5. Commercial Expansion and the Industrial Revolution -- 6. European Port...

1: Financial Crises: a Hardy Perennial -- 2: The Anatomy of a Typical Crisis.-3: Speculative Manias -- 4: Fueling the Flames: the Expansion of Credit -- 5: The Critical Stage – When the Bubble Is About To Pop -- 6: Bernie Madoff: Frauds, Swindles, and the Credit Cycle -- 7: Domestic Contagion:...

Manias, Panics and Crashes was first published in 1978, and dealt with financial crises that were, for the most part, before World War II. Black Monday of October 1987, along with more research especially on the years from 1880 to 1893 indicated a need for a second look. The third edition had...

"This book started out as a biography of the dollar, not of a man. It was intended to be an international version of the story I had told in The New Lombard Street: How the Fed Became the Dealer of Last Resort (2011). That book was a biography of the Fed, as seen through the analytical lens of...