Your price
Out of Stock


By (author) Jan Toporowski
Format: Hardback
Publisher: Edward Elgar Publishing Ltd, Cheltenham, United Kingdom
Published: 1st Jan 1993
Dimensions: w 234mm h 156mm
Weight: 347g
ISBN-10: 1852788976
ISBN-13: 9781852788971
Barcode No: 9781852788971
The Economics of Financial Markets and the 1987 Crash is the first thorough and systematic account of the antecedents and economic consequences of the stock market crash of 1987 in the world's major financial centres. In determining the causes of that crash, Jan Toporowski examines the way in which finance and capital markets operate and concludes that the crash was an economically insignificant event in the general inflation of capital markets. Dr Toporowski argues that rather than the crash itself, it was capital market inflation that eventually contributed to the economic slump of the 1990s. In so doing, he presents original theories on finance and capital markets, banking cycles, financial regulation and the economic consequences of deregulation. The book also features a critique of Keynes's liquidity preference theory and an account of how Japanese financial institutions helped Wall Street and the London market after the crash. Written by an economist with an `insider's' view of finance and capital markets - the author was formerly Senior Economist with Standard Chartered Bank - this book presents a theoretical analysis which explains how financial markets actually work. The Economics of Financial Markets and the 1987 Crash will be welcomed by economists, financiers, the educated public and policymakers concerned with issues of financial instability and the financial roots of economic stagnation.

New & Used

Seller Information Condition Price
Out of Stock

What Reviewers Are Saying

Be the first to review this item. Submit your review now