ISBN:
9789819923182
Language:
English
Pages:
1 Online-Ressource (XIV, 159 p. 39 illus., 14 illus. in color.)
Series Statement:
Accounting, Finance, Sustainability, Governance & Fraud: Theory and Application
Uniform Title:
Siyah Kuğu
Parallel Title:
Erscheint auch als
Parallel Title:
Erscheint auch als
Parallel Title:
Erscheint auch als
Keywords:
Finance, Public.
;
Public administration.
;
Economic policy.
;
Black Swan Event
;
Financial Crises
;
Financial
;
Fiscal and Economic Crises
;
First-generation Crisis Models
;
Second-generation Crisis Models
;
Third-generation Crisis Models
;
Aufsatzsammlung
Abstract:
1. Introduction: General Overvıew Of Crıses Models And Fınancıal Crıses -- 2. Dutch Tulıp Manıa: Tulıp Crıses -- 3. Bengal Bubble (1669-1772) And East Indıa Syndrome (1669-…) -- 4. The Danısh State Bankruptcy Of 1813 -- 5. 1873 – 1896 Long Depressıon -- 6. Australian Banking Crisis of 1893.
Abstract:
This book continues the discussion from Volume I on economic, fiscal, and financial crises in world history that have had a great impact on the entire world and the fiscal measures taken by governments to combat each crisis. Such events are often described as black swans, a concept introduced by Economist and Risk Analyst Nassim Nicholas Taleb in the book Fooled By Randomness in 2001, in reference to events that were thought to be impossible but had a huge impact when they did happen. The beginning of this book notes that crises are catastrophic periods when the consequences of economic mistakes made by governments are reflected to the public. Although economic crises are seen as opportunities in some cases, they have created a burden for the people. Some economic crises even triggered the world war. A recent example, Adolf Hitler, was seen as a hope of salvation in Germany due to the Great Depression and was brought to power. The twentieth century, when two great world wars took place on the stage of history, is the witness of major economic crises as well as wars. These crises have caused social and economic paradigm shifts to be experienced much faster and more effectively than the previous centuries. The transformation of the demand-oriented economic understanding created by the Great Depression in 1929 into an interventionist social state understanding, especially after the World War Two, increased the intervention of states in the socioeconomic field. In this period, the reconstruction of the countries, the development of social welfare services, the assurance of human rights, the acceleration of industrialization and development, and the economic growth and income growth of the countries resulted in the golden age enjoyed by the societies of the period. The interventionist social state, seen as a prescription and opportunity in the past crisis, was one of the cornerstones of the crisis in the last quarter of the century in the 1970s. Against interventionism, with the rise of neo-liberalism, financial liberalization, information society, and technological discoveries, globalization has become the new phenomenon of the age. This book examines in detail the causes, occurrences, and results of the twentieth-century crises.
Note:
Translation from the Turkish language edition: "Siyah Kuğu: Ekonomik Krizler 1634-2020" by Bernur Açıkgöz, © The Author 2020. Published by Dora Publishing
DOI:
10.1007/978-981-99-2318-2
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