Read my post on the Oxford Business Law Blog on “banking crises,” which presents a brief summary of my chapter by the same name in The Oxford Handbook of Banking and Financial History, which I co-edited with Youssef Cassis and Catherine Schenk.
The Oxford Handbook of Banking and Financial History, which I co-edited with Youssef Cassis and Catherine Schenk, has just been published in the UK by Oxford University Press. It is available for purchase on Amazon.co.uk. As long as you are surfing Amazon, you might as well buy copies of WRONG and Unsettled Account too.
The following (now mildly edited) op-ed was slated to appear in a major US news outlet on January 15. Unfortunately for me, but good for the country, an announcement by the Obama Administration rendered the op-ed obsolete. The main point–that we should not resort to gimmicks in dealing with our serious fiscal issues–stands. Happy reading! … Read moreDrat you, Obama Administration!
The Financial Times reported this week on a study by the Chartered Financial Analyst Society of the UK that argues that “financial amnesia” among institutional investors–particularly a failure to heed the lessons of past bubbles–has contributed to the global financial crisis. The answer, according to the Society’s report, is that the study of financial history … Read moreDoomed to repeat it?
I cannot let this day end without acknowledging the 145th anniversary of the failure of Overend, Gurney, and Company, which set off one of the 19th century’s more spectacular financial crises. Writing the day after the failure, the Times of London argued that the firm could,”…rightly claim to be the greatest instrument of credit in … Read moreHappy 145th Anniversary!