 | Martin Feldstein, National Bureau of Economic Research - 1991 - 212 pages
...(Manias, Panics and Crashes: A History of Financial Crises [Basic Books, 1978]) has ably demonstrated, economic crises have been with us as long as the market...the inability to create credit bring on an economic collapse. The potential source of financial crises is not the random excesses of investors who take... | |
 | Martin Feldstein, National Bureau of Economic Research - 1991 - 212 pages
...(Manias, Panics and Crashes: A History of Financial Crises [Basic Books, 1978]) has ably demonstrated, economic crises have been with us as long as the market...the inability to create credit bring on an economic collapse. The potential source of financial crises is not the random excesses of inves-tors who take... | |
 | Harald A. Benink - 1996 - 314 pages
...(Manias, Panics and Crashes: A History of Financial Crises [Basic Books, 1978]) has ably demonstrated, economic crises have been with us as long as the market...the inability to create credit bring on an economic collapse (Feldstein, 1991, pp. 1-2). He goes on to conclude: The public interest in avoiding the failure... | |
 | James R. Barth, R. Dan Brumbaugh, Glenn Yago - 2001 - 504 pages
...optimistic about their debt capacity. "Greed overcomes fear and individual investors take greater risks in pursuit of greater returns. A shock occurs and the market prices of assets begin to collapse. Bankruptcies...follow. The resulting failure of the payments mechanism and the inability to create... | |
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Kindleberger's distinguished and fascinating book (Manias, Panics and Crashes: A History of Financial Crises [Basic Books, 1978]) has ably demonstrated, economic crises have been with us as long as the market economy. At some point, greed overcomes fear... 