Black Swan: Economic Crises, Volume I

This book explores historical economic, fiscal, and financial crises, including Black Swans, and the measures governments have taken to address them since the 1600s. It is valuable for academics, students, practitioners, and policy makers, providing insights into crisis models and their impacts on countries.

Format: Hardback
Length: 94 pages
Publication date: 24 October 2022
Publisher: Springer Verlag, Singapore

This comprehensive book delves into the profound economic, fiscal, and financial crises that have shaped world history, leaving an indelible impact on the global landscape. Spanning centuries, the book presents these crises chronologically, highlighting the fiscal measures governments have implemented to combat each crisis since the 1600s. These events, often referred to as "Black Swans," were initially introduced by economist and risk analyst Nassim Nicholas Taleb in his influential 2001 book Fooled By Randomness. Taleb's concept captures the unpredictable nature of events that were once deemed impossible but had seismic consequences when they occurred.

The book's first part serves as a foundation, providing crisis models that enhance the reader's understanding of the subsequent chapters. Each chapter begins with an overview of the specific crisis, followed by a detailed analysis of its impact on the affected countries. The authors then delve into the root causes of the crisis, exploring the fiscal and financial measures employed to recover and rebuild. Finally, the chapter concludes with a description of the post-crisis period.

Given the prevalence of "Black Swan" events witnessed in the 21st century, this book holds immense value for academics, students of economics, practitioners, and policy makers alike. It serves as a valuable resource for those seeking to gain insights into the complex dynamics of economic crises, understand the strategies employed to mitigate their effects, and contribute to shaping a more resilient and sustainable global economy.

Weight: 336g
Dimension: 235 x 155 (mm)
ISBN-13: 9789811952517
Edition number: 1st ed. 2022