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Fragile Finance: Debt, Speculation And Crisis In The Age Of Global Credit

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The wave of financial implosions of the 1990s threw millions of people into poverty and misery. Unlike earlier outbreaks of financial instability, in the late 1990s, crises were not confined to the peripheral regions of the global economy. To the bewilderment of many, distress soon spread to the seemingly well-governed, advanced capitalist world. The difficulties faced by high-profile firms like LTCM, Enron, WorldCom, Parlamat, Fannie Mae and Freddie Mac, along with the burst of the Nasdaq bubble itself, have accentuated the fragility of finance, and compromised many conventional views on crisis and its management. What, then, are the causes of fragile finance today? How can we better understand the nature of financial crisis in the age of globalization? What lessons can be drawn from the recent experience? Exploring various approaches to understanding financial fragility and crisis, this book seeks to provide answers to these questions.

I'm currently reading this, it was written in 2007 and seems highly relevant to many themes discussed on here. However it's a very expensive book to buy, although you can get a sample chapter at the palgrave link.


Financial Alchemy in Crisis: The Great Liquidity Illusion

I've got this as well, although not had chance to flick through it yet, but is much cheaper than the first book.

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Government highly paid employee argues for more government money please

Edited by Si1

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Her limited "anti-austerity socialist" view is some what devalued by the performance of the UK and lately Spain.

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