Wirtschaftskrisen, -einbrüche und -schocks können verheerend sein, doch langfristig wirkten sie offenbar oft transformativ. Harold James zeigt auf, inwiefern die großen Krisen ab Mitte des 19. Jahrhunderts – von der Hungerkrise in Irland über die großen Weltwirtschaftskrisen bis zu den...

There are some striking similarities between the pre 1914 gold standard and EMU today. Both arrangements are based on fixed exchange rates, monetary and fiscal orthodoxy. Each regime gave easy access by financially underdeveloped peripheral countries to capital from the core countries. But the...

There are some striking similarities between the pre 1914 gold standard and EMU today. Both arrangements are based on fixed exchange rates, monetary and fiscal orthodoxy. Each regime gave easy access by financially underdeveloped peripheral countries to capital from the core countries. But the...

"The eminent economic historian Harold James presents a new perspective on financial crises, dividing them into "good" crises, which ultimately expand markets and globalization, and "bad" crises, which result in a smaller, less prosperous world. Examining seven turning points in financial...