Manias, Panics, and Crashes: A History of Financial Crises, 5th Edition. Charles Kindleberger: Anatomy of a Typical Financial Crisis. Kindleberger: The Model We start with the model of the late Hyman Minsky, a man with a reputation among monetary theorists for being particularly pessimistic, even lugubrious, in his emphasis on the fragility of the monetary system and its propensity to disaster.
Although Minsky was a monetary theorist rather than an economic historian, his model lends itself effectively to the interpretation of economic and financial history. Indeed, in its emphasis on the instability of the credit system, it is a lineal descendant of a model, set out with personal variations, by a host of classical economists including John Stuart Mill, Alfred Marshall, Knut Wicksell, and Irving Fisher.
New preface to Charles Kindleberger, The World in Depression 1929-1939. J.
Bradford DeLong, Barry Eichengreen, 12 June 2012 The parallels between Europe in the 1930s and Europe today are stark, striking, and increasingly frightening. We see unemployment, youth unemployment especially, soaring to unprecedented heights. Financial instability and distress are widespread.
Economic History. The Great Depression. 1980s Latin American Debt Crisis. The 1987 U.S. Savings & Loan Crisis. The 1989 Nikkei bubble & Japan's balance-sheet recession. 1994 Mexican Crisis. The 1997-8 East Asian Crisis. 1998 Russian Financial Crisis. The 2001 tech bubble. The 2007/8 financial crisis.