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The Great Crashes: Lessons from Global Meltdowns and How to Prevent Them

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'A masterclass in spotting the early signs of a crisis' Nouriel Roubini

'This is the historical perspective we need' John Kay

'A first point of entry for anybody who wants to learn how the world sleep-walked into multiple crashes' Daron Acemoglu

'Fascinating, well-written and authoritative' Tim Harford

The global economy has weathered the most tumultuous century in modern financial history.

Since America's Wall Street Crash of 1929, the global economy has weathered the most tumultuous century in financial history. From the currency crises of the 1980s, to Japan's housing meltdown, the dot com boom and bust, the global financial crash and the COVID pandemic, crash after crash has sent shockwaves through our world.

The Great Crashes tells the stories of ten of these historic financial events. They serve as a series of cautionary tales, each with their own lessons to be learnt. With clear-eyed analysis, renowned economist Professor Linda Yueh uses these meltdowns to extract a critical three-step framework to help recognise the early signs of a crash, mitigate the effects and even prevent them in the future. There is very little that is certain in economics, except for this: there will be another financial crisis.

Combining her in-depth knowledge with compelling storytelling, The Great Crashes is essential reading that offers urgent lessons for the modern world.

'An important contribution that can help society anticipate and tackle potential crashes in the future' Christine Lagarde

Author: Yueh Linda
Publisher: PENGUIN
Pages: 256
ISBN: 9780241988084
Cover: Paperback
Edition Number: 1
Release Year: 2024

Linda Yueh is a Fellow in Economics at St Edmund Hall, Oxford University, Adjunct Professor of Economics at London Business School, Visiting Senior Fellow at the London School of Economics, and was Visiting Professor of Economics at Peking University. The former Economics Editor at Bloomberg TV, she also hosted Talking Business with Linda Yueh as Chief Business Correspondent for BBC News. She writes for The Times, The New York Times and The Financial Times and has advised, among others, The World Bank and World Economic Forum in Davos. She has written and edited a number of academic books on China, globalisation and also a macroeconomics textbook. This is her first trade book.

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