||0 of 0 people found the following review helpful.| Interesting to make the middle class role a focus in financial crises|By Phil O.|This book predates the 2008 crash, but seems prescient in the way it mapped out this sort of downturn, and especially the problems for the various social classes that have followed it. There is a clear, cogent description of what the poor, the middle classes, and the rich seek and expect from fin||The authors are highly respected economic historians whose deep command of the specialist literature shines through. Their ideas are clearly presented, and effectively harness historical example to address one of the great questions of this age: why are some
Financial disasters often have long-range institutional consequences. When financial institutions--banks, insurance companies, brokerage firms, stock exchanges--collapse, new ones take their place, and these changes shape markets for decades or even generations. Surviving Large Losses explains why such financial crises occur, why their effects last so long, and what political and economic conditions can help countries both rich and poor survive--and even...
[PDF.ie86] Surviving Large Losses: Financial Crises, the Middle Class, and the Development of Capital Markets Rating: 4.82 (525 Votes)
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