The beginnings of central bank cooperation: Tokyo and London, 1895-1914 -- World war and globalization -- Japan emerges as an international creditor, 1915-1918 -- Postwar alignment -- Wall street discovers Japan, Spring 1920 -- Putting the program into action, 1920-1928 -- Making a market:...

This seventh edition of an investment classic has been thoroughly revised and expanded following the latest crises to hit international markets. Renowned economist Robert Z. Aliber introduces the concept that global financial crises in recent years are not independent events, but symptomatic of...