A financial crisis is defined as a wide variety of situations where sometimes financial assets lose their value. In the early 19th and 20th centuries, procedures of the financial crisis were related to banking panics.
Situations Causing the Financial Crisis
Other situations that also contain financial crises include stock market crashes and bursting of other financial bubbles, currency crises, and sovereign defaults. Moreover, the process of financial crisis directly results in loss of power wealth and does not necessarily result in significant changes in the real economy.
Examples of the Financial Crisis
It may be limited to banks or spread throughout a single economy, the economy of a region, or economies worldwide. Some common examples of the financial crisis include Tulip Mania(1637), the Credit crisis of 1772, the stock crash of 1929, the 1973 OPEC oil crisis, the Asian crisis of 1997-1998, and the 2007-2008 global financial crisis.
Top Books Related to the Financial Crisis
Many of the modern economists have offered theories about how financial crises develop and how they could be prevented. There is no consensus, and financial crises continue to occur with time. In this article, we are going to list down the best books related to the financial crisis.
This book on the financial crisis is written by Timothy F.Geithner and published by random house audio. The author takes us inside the room and explains in accessible and forthright terms the hard choices politically unpalatable decisions that Geithner and others in the Obama administration made during the crisis and recovery.
Features of the Stress Test
He also highlights the most controversial moments of his tenures at the Federal Reserve Bank of New York and the treasury. Geithner also exhibits his professional reflections of great players such as President Obama. Book also discusses how the Obama administration saved the economy and lost the American people. The author also examines the tensions between politics and policy that have come to dominate discussions of the U.S economy.
You can easily get this book stress test just for $5.99 from Amazon.
2. Banks on the Brink: Global Capital, Securities Markets, and the Political Roots of Financial Crises – Book Review
Banks on the brink is written by Mark Copelovitch and David A. Singer. It explains why some countries are more vulnerable to banking crises than others. Book also highlights the effects of two variables in combination, including the foreign capital inflows and relative prominence of securities markets in the domestic financial system. Banks on the brink also studies the thirty years of data. Moreover, it also provides historical case studies of two key countries such as Canada and Germany.
Banks on the brink also investigates the complex issue of tremendous economic and political importance. It also has crucial policy implications, identifying potential regulations and policies that can work to protect banking systems against future crises.
You can easily get this book for just $30.10 from Amazon.
3. Capitalism with a New Postscript on the Financial Crisis and its Aftermath(Ist edition) – Book Review
This book related to financial crises is written by Geoffrey Ingham and also comprises 200 pages. It also provides us with basic information on the nuts and bolts of capitalism. The author starts his book by examining the classic accounts of capitalism found in the works of Adam Smith, Karl Marx, Max Weber, and also John Maynard Keynes.
Ingham also highlights a brief analysis of capitalism’s basic institutions and their interconnections. This latest edition also contains a substantial postscript on the financial crisis of 2007-2008 and its aftermath. This book is a result of a concise and up-to-date account of the world’s most powerful economic system.
You can get this book on financial crises just for $24.05 from Amazon.
Big reset revised edition is written by Willem Middelkoop and consists of 332 pages. Book states that a system reset seems imminent, and the world’s financial system will need to find a new anchor to make the current situation good. Big reset is also helpful for those who want to be fully prepared, and this fully revised edition of the middle loop takes into recent development since its original publication.
You can get a big reset revised edition from Amazon just for $9.99.
This book is written by Henry M.Paulson Jr. and comprises 528 pages. On the brink is an extraordinary story about people and politics altogether during the world’s impending financial armageddon. In this book, Paulson also puts the readers in the room for all the intense moments as he addressed urgent market conditions.
Paulson was the very epicentre of the crashing financial markets and provided a startling first-person account of what happened during this time of global financial crisis. This revised edition highlights fresh and original material from Paulson on the first anniversary of the 2008 financial crisis.
You can easily get on the brink just for $12.99 from the Amazon.
This book on financial fitness is written by new york times bestseller Dave Ramsey, and you can easily take control of all your money. Are you interested in turning those fat and flabby expenses into a well-toned budget? Then you need to take help from those who program people. There is always a possible way to whip your finances into shape, and that’s what you can do with money makeover. With this book, you will be able to design a sure-fire plan for paying off all the debt, ten most dangerous money myths, and secure a big and fat egg nest for emergencies and retirements. It is the most simple and straightforward game for completely making over your money habits.
You can easily get this book from the Amazon just in $52.47.
The world suffered from a different financial crisis and if you are looking for a guide on how to deal with them. Then this comprehensive guide serves your need and contains the best books on the financial crisis. You can pick any one of your choices.