Asian financial crisis

The Asian Financial Crisis 1995–98: Birth of the Age of Debt

by Russell Napier  · 19 Jul 2021  · 511pp  · 151,359 words

way - a beginner’s guide Part Two: The road to devaluation Part Three: Devaluation and crisis Part Four: The bottom Publishing details Praise for The Asian Financial Crisis 1995–98 A combination of applied and highly practical economics that through reality bridges the gap between policy theory and actual implications and results, but

…

book charts the battle between the new financial capitalism and the various other forms of capitalism that existed then and still exist across Asia. The Asian financial crisis was for many a victory for financial capitalism over the various forms of Asian capitalism. This book will explain why in fact there was

…

confrontation in 1998 that left them with significantly undervalued exchange rates and benefiting from the new debt-charged consumption growth of the developed world. The Asian financial crisis set the scene for an age of debt in the developed world and this brought crises that have forced developed governments to confront financial capitalism

…

that were ultimately unacceptable to both peoples and their political representatives. When the history of the 21st century is written, it will begin with the Asian financial crisis of 1998, which created global financial conditions that created the age of debt and triggered a structural shift to a new form of social capitalism

…

understand this and instead a focus on what most investors call ‘the fundamentals’ that led so many people to lose so much money in the Asian financial crisis. These fundamentals are all derived from analysis of the operations, likely profitability and balance sheets of individual companies. The reasoning goes that a company’s

…

For all but the exceptional investor, some consideration of macro factors proved to be essential in assessing the future returns from financial assets. In the Asian financial crisis one learned quickly which macro factors counted and which didn’t. Too late for many, the focus shifted from the ‘miracle’ of high economic

…

dominant cultural misconception. A key precept behind the Asian economic miracle was a belief that it was founded on something called Asian values. What the Asian financial crisis revealed was that the Asian values foreign investors believed underpinned the Asian economic miracle were very different from the Asian values perceived by Asians themselves

…

impact that was having, directly and indirectly, on the outlook for economic growth and financial stability. If I didn’t know it already, the Asian financial crisis taught me that equity investors need to be very aware of what is happening in credit markets and particularly foreign currency borrowing by the local

…

negative direct economic, social and political consequences from this age of debt will likely plague the global outlook for at least another generation. How the Asian financial crisis established the foundations for this new age of debt relates to the policy choices of the Asian authorities that were a direct consequence of the

…

It was the perfect storm for the financialisaton of the global economy that brought riches to the few and deep uncertainty to the many. The Asian financial crisis taught many lessons to investors, peoples and policy makers who confused a credit bubble with an economic miracle. It is the greatest of ironies that

…

of the developed world. How very different societies and financial systems coped with that inflow, and then its outflow, is the story of the Asian financial crisis. When foreign investors allocated capital to Asian equity markets they did not do so based upon the best opportunities for returns; instead they had to

…

in there being a contraction in the supply of money below the potential growth rate. The story of how the Asian economic miracle became the Asian financial crisis is how the managed exchange rates forced many Asian countries from monetary and economic feast to famine. The problem for most of Southeast Asia

…

the reality of such a huge change in the monetary system for which investors were entirely unprepared. How the Asian economic miracle turned into the Asian financial crisis was primarily related to how those capital flows slowed and then stopped coming. Working for a stockbroking company in Asia from 1995 to 1998, I

…

towards the end of 1996. What I could not have foreseen in June 1995 was that those problems would be big enough to create an Asian financial crisis and, through the political responses to that crisis, change the world of finance for a generation. High quality and low valuations: everyday low prices

…

basis was something that I never considered. Rather than warn of the dangers of too much debt and financial engineering, the policy reactions to the Asian financial crisis set up the perfect environment for the asset traders and their financiers to ply their trade on an even grander scale. The “whirlpool of

…

The huge amounts of foreign currency debt issued by Asian banks and non-financial corporations was the greatest revelation for almost all investors during the Asian financial crisis. That it came as such a shock was remarkable. There was macro data available for foreign investors on the level of foreign currency debt outstanding

…

ideals had chosen a mechanism to enact them that continues to act to destroy them. There were key lessons for politicians to learn from the Asian financial crisis, but they were ignored in Europe and the consequence was a series of financial crises that continue to create a dangerous political backlash that

…

usually by fixing the price of something, actually create the uncertainty for the investor that repels capital. The administrative measures that were implemented during the Asian financial crisis acted more to repel than attract capital. This was a major problem when the stability of the exchange rates, given the large current account deficits

…

also a dangerous one. The unlisted private sector is a key part of the economy and trends in that sector are always important. In the Asian financial crisis, tracking trends in the unlisted corporate sector was particularly important. In the form of capitalism that then existed, particularly in Southeast Asia, the families

…

Korea 7 34 Singapore 6 25 India 3 60 China 0 200 Macau 0 1 Vietnam 0 4 Asia’s economic miracle turned into the Asian financial crisis of 1997–98. In that crisis, many people lost large percentages of their wealth and some lost all of it. However, economic growth did

…

of Asia Baa3 −72% Almost all investors are trained to look for bargains when share prices fall precipitously. Even at the earliest stages of the Asian financial crisis, precipitous falls had already occurred. It proved to still be a very bad time to buy equities in general, and bank equities in particular. These

…

committed to save the shareholders who were made to take the risk, having taken some substantial rewards of the ownership of equity capital. Throughout the Asian financial crisis there were significant amounts of wishful thinking, probably because detailed analysis to establish value was so difficult. Much of what passed for analysis was trying

…

be a blessing in disguise as the company did not find itself holding a dangerous inventory of securities with the attendant credit risk when the Asian financial crisis broke out. However, the company always had ambitions to increase its primary issuance business and decided that it would be good for the research

…

February 1998, US$230bn of public funds were mobilised to provide capital for the banking system. The Japanese banking crisis was not caused by the Asian financial crisis, but the growing realisation that the banks would also face major losses on their Asian loan books accelerated the country’s own banking crisis.

…

of last week represent revulsion in the absence of banking distress. A study of financial history proved to be very useful to investors during the Asian financial crisis. While some investors thought that something like this had never happened before, others picked up their financial history books. Kindelberger’s classic, Manias, Panics &

…

the combined wealth of the four richest men in China exceeded the entire market capitalisation of the Chinese A Share Index in January 1998. The Asian financial crisis represented a hiatus in wealth creation in the region and in particular in China. Availability bias meant that investors in 1998 were focused on that

…

continues during that period. Between 23 December 1997 and 12 January 1998, the baht, peso, won and ringgit all reached their lows for the Asian financial crisis. The IMF’s arrival had reduced the prospects of a resort to the monetary printing press and default on foreign currency obligations as the likely

…

their US dollar liabilities. The ability to persuade or cajole the bankers into such action was one of the most important actions that prevented this Asian financial crisis from spreading to become a global financial crisis. This turning of the tide of these key capital flows met an incoming flood of new

…

exchange rate, this allowed South Korea to also export deflation. The social capital system, with its prevalence to overproduction, did not just survive the Asian financial crisis, but was bolstered by the accelerated entry into the global trading regime of China. What we did not know in 1998 was just how China

…

politically dangerous the consequences of such adaptation would become. That the social capital system of North Asia did not collapse or significantly reform in the Asian financial crisis has played a crucial role in dampening inflation and depressing interest rates in the rest of the world. The result was that the other form

…

that adaptation produced social changes and financial fragilities that would one day be dangerously exposed. There have been a series of deflationary episodes post the Asian financial crisis which have brought the developed world to the edge of financial collapse and resulted in very material losses for equity investors. Outside of the United

…

is delayed due to the flirtation with monetary profligacy and the institutional inertia of implementing the correct legislation. It is a key lesson from the Asian financial crisis for portfolio investors that exchange rates can stabilise in a crisis long before equity prices. I had written in January 1998 that the Asian exchange

…

prospect of a run to banknotes from deposits, but often the sums guaranteed are small and local business owners are not reassured. When the Asian financial crisis erupted only South Korea and the Philippines had comprehensive bank deposit guarantee schemes in place. Had there been greater confidence in the deposit as a

…

ring, sometimes for years, after the price of equities had bottomed. That markets are amoral is often forgotten and, as we have discovered since the Asian financial crisis, a fact that has major political ramifications. One hundred years after Fashoda 28 July 1998, Regional The scramble for Africa bewildered everyone, from the humblest

…

bankers would work. Global policy makers, fearing a global financial collapse, would now act aggressively to reflate the global economy as the ramifications from the Asian financial crisis were increasingly threatening the stability of their own financial systems. Mr Schmidt goes to Singapore 7 August 1998, Global In spite of their high rhetoric

…

7 arrived, but of course it did arrive and once again credit flowed freely throughout Asia. Credit officers received some very potent signals during the Asian financial crisis that they were not to forget. That the IMF, supported by developed world governments, could help to reduce their losses in offshore foreign currency lending

…

LTCM, but more importantly the interest rate cuts that followed soon after, changed the world. The new financial architecture, which was the legacy of the Asian financial crisis, meant that cheap credit would be abundant as Asia’s booming foreign exchange reserves and lower export prices depressed developed world inflation and interest rates

…

That debt boom was a direct consequence of choices made by politicians in response to, and in the aftermath of, the Asian financial crisis. Asia’s massive accumulation of foreign currency reserves The Asian financial crisis built the foundations for the age of debt in myriad ways. Most importantly, it convinced emerging market policy makers, particularly

…

level of US$21bn. Reserves had grown strongly since the devaluation and, much to many people’s surprise, had continued to rise through the Asian financial crisis; but evidently the buffer to protect China from a collapse that could subject the country to external diktat was considered too low. From the end

…

Cambodia 1 19 Pakistan 1 13 Sri Lanka 2 7 The growth in the foreign reserves of Asia ex China from the end of the Asian financial crisis to the end of 2019 has been US$3,205bn. While Japan has led that rise in reserves, the emerging markets of Asia have

…

the initial investment, the vast bulk of it relates to the exchange rate intervention that has been the cornerstone of Asian economic policy after the Asian financial crisis. It was those policy choices, made unilaterally and without the agreement of any of those countries’ trading and business partners, that fuelled the age

…

again. The mental scarring among central bankers runs deep and it manifests itself as a fear of deflation from whatever source it comes. From the Asian financial crisis onwards, the world’s central banks, led by the US Federal Reserve, fought a battle to prevent deflation. That much of that deflation came

…

more favourable conditions to promote financial engineering and to establish the age of debt. That the new financial architecture created from the fires of the Asian financial crisis led to the age of debt is clear if we look at the counterfactual. What would have happened had Asia, including China, moved to

…

to all. Progress was not in a straight line and not overnight, but gradually fewer states pursued mercantilist policies. The key legacy of the Asian financial crisis is that Asian nations did consider that the wealth of their nations could only be secured by the mercantilist policy perhaps still best summed up

The Innovation Paradox: Developing-Country Capabilities and the Unrealized Promise of Technological Catch-Up

by Xavier Cirera and William Francis Maloney  · 14 Jun 2017  · 373pp  · 109,964 words

are giving way for political freedoms previously unthinkable in the country. * * * The growth and development of these countries stunned so many that, during the 1997 Asian financial crisis, the once-celebrated “East Asian Miracle” was said to be “no more than a mirage,” with suggestions that the chickens had finally come home to

End This Depression Now!

by Paul Krugman  · 30 Apr 2012  · 267pp  · 71,123 words

the past sounds very much like famous last words. Actually, to some of us they sounded like famous last words even at the time: the Asian financial crisis of 1997–98 and the persistent troubles of Japan bore a clear resemblance to what happened in the 1930s, raising real questions about whether things

…

, Sharron, 6 anti-Keynesians, 26, 93–96, 102–3, 106–8, 110–11, 192 Ardagna, Silvia, 197–99 Argentina, 171 Arizona, housing bubble in, 111 Asian financial crisis of 1997–98, 91 asset-backed securities, 54, 55 auction rate securities, 63 Austerians, 188–207 creditors’ interests favored by, 206–7 supposed empirical evidence

Red-Blooded Risk: The Secret History of Wall Street

by Aaron Brown and Eric Kim  · 10 Oct 2011  · 483pp  · 141,836 words

Wall Street abuses such as the Orange County bankruptcy, nor the non–Wall Street financial firms like Enron, nor the damage overseas as with the Asian financial crisis, nor the ones that entered more people’s homes like the Internet stock collapse and the mutual fund timing scandal. First, let me reiterate that

The Alpha Masters: Unlocking the Genius of the World's Top Hedge Funds

by Maneet Ahuja, Myron Scholes and Mohamed El-Erian  · 29 May 2012  · 302pp  · 86,614 words

he loved, where there were essentially no veterans let alone experts. Interesting things began to happen. Just before Weinstein joined Deutsche, there was the 1997 Asian financial crisis, where Korean banks verged on collapse. Then Thailand couldn’t pay its debts. Then a few months later, Russia defaulted on its debt, indirectly leading

Shutdown: How COVID Shook the World's Economy

by Adam Tooze  · 15 Nov 2021  · 561pp  · 138,158 words

Angola, 156, 161, 256, 258–59 Anthropocene, 22–23, 47, 189, 292 Argentina, 156, 158, 163, 171, 260, 265 Armenia, 267 artificial intelligence (AI), 235 Asian financial crisis (1990s), 3 Asian flu pandemic (1957–1958), 45 Asian Infrastructure Investment Bank (AIIB), 206 Association of Southeast Asian Nations (ASEAN), 206–8 AstraZeneca, 238–39

…

, Mario, 130, 178, 182, 285, 286, 288 Dutch State Treasury Agency, 283 Duterte, Rodrigo, 11, 83 East Africa, 102, 189 East Asia, 5, 233 East Asian financial crisis (1997), 156 Eastern Europe, 190, 280 East-West conflict narrative, 68 Ebola, 30–31, 35, 46, 52, 236, 247 Ecuador, 8, 71, 161, 163–64

When Free Markets Fail: Saving the Market When It Can't Save Itself (Wiley Corporate F&A)

by Scott McCleskey  · 10 Mar 2011

, 48 taxpayers’ funds collateralized, 39 American Association of Retired Persons (AARP), 105 American Bankers Association, 58, 61–62 Anti-Trust Division of Justice, 17–18 Asian financial crisis, 16 asset backed securities (ABSs), 32–33, 36, 181 Associated Press, 87, 171 Australia, 97, 136 B Bank for International Settlements, 38, 43, 185 Bank

War and Gold: A Five-Hundred-Year History of Empires, Adventures, and Debt

by Kwasi Kwarteng  · 12 May 2014  · 632pp  · 159,454 words

proud’ of his adoption of an ‘expansionary fiscal policy’. This policy, in his opinion, had ensured that China ‘not only overcame the impact of the Asian financial crisis, but was able to use the opportunity to achieve unprecedented economic growth’.37 In a sense, the Chinese had acted more consistently with Keynesian principles

…

and the New World Order, London, 2011, p. 125. 26Krugman, Depression Economics, pp. 144, 141. 27Xiao-Ming Li, ‘China’s Macroeconomic Stabilization Policies Following the Asian Financial Crisis: Success or Failure?’, Asian Survey, vol. 40, no. 6 (November–December 2000), pp. 938–57, at p. 938. 28Economist, ‘East Asia’s Whirlwind Hits the

…

finances à la Haye: Les Douze ont progressé vers l’union monétaire’, 1 December 1991. Li, Xiao-Ming, ‘China’s Macroeconomic Stabilization Policies Following the Asian Financial Crisis: Success or Failure?’, Asian Survey, vol. 40, no. 6 (November–December 2000), pp. 938–57. Los Angeles Times, ‘Fears of Dot-Com Crash, Version 2

…

-Mexican Mining Association, 56 Annan, Lord, 172 Antwerp, 20, 22 ‘Spanish fury’, 12 Archivo General de Indias, 19 Argentina, 84–5 army, payments to, 26 Asian financial crisis, 289–93, 296 ‘assignats’, 5, 45–8, 50 Atahualpa, 15–17 atomic bombs, 153, 192 Attlee, Clement, 175 Attwood, Thomas, 54 austerity, 342–3, 356

The Great Divide: Unequal Societies and What We Can Do About Them

by Joseph E. Stiglitz  · 15 Mar 2015  · 409pp  · 125,611 words

advice of the White House Council of Economic Advisers (which I led from 1995 to 1997), and this more than anything else led to the Asian financial crisis. Few policies or actions have greater culpability for that Asian crisis and the global financial crisis of 2008 than the deregulatory policies that Mr. Summers

Arguing With Zombies: Economics, Politics, and the Fight for a Better Future

by Paul Krugman  · 28 Jan 2020  · 446pp  · 117,660 words

they say in New Jersey, you got a problem with that? 4 Bubble and Bust THE SUM OF ALL FEARS DOES ANYONE STILL REMEMBER THE ASIAN FINANCIAL CRISIS OF THE late 1990s? With everything that has happened since, it can seem like ancient history. Yet for those who followed it, it was a

What's Next?: Unconventional Wisdom on the Future of the World Economy

by David Hale and Lyric Hughes Hale  · 23 May 2011  · 397pp  · 112,034 words

Makers and Takers: The Rise of Finance and the Fall of American Business

by Rana Foroohar  · 16 May 2016  · 515pp  · 132,295 words

Too big to fail: the inside story of how Wall Street and Washington fought to save the financial system from crisis--and themselves

by Andrew Ross Sorkin  · 15 Oct 2009  · 351pp  · 102,379 words

Conspiracy of Fools: A True Story

by Kurt Eichenwald  · 14 Mar 2005  · 992pp  · 292,389 words

When China Rules the World: The End of the Western World and the Rise of the Middle Kingdom

by Martin Jacques  · 12 Nov 2009  · 859pp  · 204,092 words

Planet Ponzi

by Mitch Feierstein  · 2 Feb 2012  · 393pp  · 115,263 words

The Shifts and the Shocks: What We've Learned--And Have Still to Learn--From the Financial Crisis

by Martin Wolf  · 24 Nov 2015  · 524pp  · 143,993 words

Fault Lines: How Hidden Fractures Still Threaten the World Economy

by Raghuram Rajan  · 24 May 2010  · 358pp  · 106,729 words

Global Governance and Financial Crises

by Meghnad Desai and Yahia Said  · 12 Nov 2003

European Spring: Why Our Economies and Politics Are in a Mess - and How to Put Them Right

by Philippe Legrain  · 22 Apr 2014  · 497pp  · 150,205 words

A Game as Old as Empire: The Secret World of Economic Hit Men and the Web of Global Corruption

by Steven Hiatt; John Perkins  · 1 Jan 2006  · 497pp  · 123,718 words

The Theft of a Decade: How the Baby Boomers Stole the Millennials' Economic Future

by Joseph C. Sternberg  · 13 May 2019  · 336pp  · 95,773 words

The Rise of the Network Society

by Manuel Castells  · 31 Aug 1996  · 843pp  · 223,858 words

The Code of Capital: How the Law Creates Wealth and Inequality

by Katharina Pistor  · 27 May 2019  · 316pp  · 117,228 words

Barometer of Fear: An Insider's Account of Rogue Trading and the Greatest Banking Scandal in History

by Alexis Stenfors  · 14 May 2017  · 312pp  · 93,836 words

Crisis Economics: A Crash Course in the Future of Finance

by Nouriel Roubini and Stephen Mihm  · 10 May 2010  · 491pp  · 131,769 words

The End of the Free Market: Who Wins the War Between States and Corporations?

by Ian Bremmer  · 12 May 2010  · 247pp  · 68,918 words

The Quest: Energy, Security, and the Remaking of the Modern World

by Daniel Yergin  · 14 May 2011  · 1,373pp  · 300,577 words

Shocks, Crises, and False Alarms: How to Assess True Macroeconomic Risk

by Philipp Carlsson-Szlezak and Paul Swartz  · 8 Jul 2024  · 259pp  · 89,637 words

Vulture Capitalism: Corporate Crimes, Backdoor Bailouts, and the Death of Freedom

by Grace Blakeley  · 11 Mar 2024  · 371pp  · 137,268 words

More Money Than God: Hedge Funds and the Making of a New Elite

by Sebastian Mallaby  · 9 Jun 2010  · 584pp  · 187,436 words

The End of Loser Liberalism: Making Markets Progressive

by Dean Baker  · 1 Jan 2011  · 172pp  · 54,066 words

Aerotropolis

by John D. Kasarda and Greg Lindsay  · 2 Jan 2009  · 603pp  · 182,781 words

The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order

by Benn Steil  · 14 May 2013  · 710pp  · 164,527 words

Our Dollar, Your Problem: An Insider’s View of Seven Turbulent Decades of Global Finance, and the Road Ahead

by Kenneth Rogoff  · 27 Feb 2025  · 330pp  · 127,791 words

Meltdown: How Greed and Corruption Shattered Our Financial System and How We Can Recover

by Katrina Vanden Heuvel and William Greider  · 9 Jan 2009  · 278pp  · 82,069 words

Stakeholder Capitalism: A Global Economy That Works for Progress, People and Planet

by Klaus Schwab  · 7 Jan 2021  · 460pp  · 107,454 words

Capital in the Twenty-First Century

by Thomas Piketty  · 10 Mar 2014  · 935pp  · 267,358 words

Water: A Biography

by Giulio Boccaletti  · 13 Sep 2021  · 485pp  · 133,655 words

The Great Stagnation

by Tyler Cowen  · 24 Jan 2011  · 76pp  · 20,238 words

A Pelican Introduction Economics: A User's Guide

by Ha-Joon Chang  · 26 May 2014  · 385pp  · 111,807 words

The Ascent of Money: A Financial History of the World

by Niall Ferguson  · 13 Nov 2007  · 471pp  · 124,585 words

The Age of Stagnation: Why Perpetual Growth Is Unattainable and the Global Economy Is in Peril

by Satyajit Das  · 9 Feb 2016  · 327pp  · 90,542 words

The Corruption of Capitalism: Why Rentiers Thrive and Work Does Not Pay

by Guy Standing  · 13 Jul 2016  · 443pp  · 98,113 words

Extreme Money: Masters of the Universe and the Cult of Risk

by Satyajit Das  · 14 Oct 2011  · 741pp  · 179,454 words

Leading From the Emerging Future: From Ego-System to Eco-System Economies

by Otto Scharmer and Katrin Kaufer  · 14 Apr 2013  · 351pp  · 93,982 words

Why Stock Markets Crash: Critical Events in Complex Financial Systems

by Didier Sornette  · 18 Nov 2002  · 442pp  · 39,064 words

The Butterfly Defect: How Globalization Creates Systemic Risks, and What to Do About It

by Ian Goldin and Mike Mariathasan  · 15 Mar 2014  · 414pp  · 101,285 words

The Great Surge: The Ascent of the Developing World

by Steven Radelet  · 10 Nov 2015  · 437pp  · 115,594 words

Principles of Corporate Finance

by Richard A. Brealey, Stewart C. Myers and Franklin Allen  · 15 Feb 2014

Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction

by David Enrich  · 18 Feb 2020  · 399pp  · 114,787 words

The Long Twentieth Century: Money, Power, and the Origins of Our Times

by Giovanni Arrighi  · 15 Mar 2010  · 7,371pp  · 186,208 words

Stocks for the Long Run 5/E: the Definitive Guide to Financial Market Returns & Long-Term Investment Strategies

by Jeremy Siegel  · 7 Jan 2014  · 517pp  · 139,477 words

The City

by Tony Norfield  · 352pp  · 98,561 words

The Enablers: How the West Supports Kleptocrats and Corruption - Endangering Our Democracy

by Frank Vogl  · 14 Jul 2021  · 265pp  · 80,510 words

World Cities and Nation States

by Greg Clark and Tim Moonen  · 19 Dec 2016

The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy

by Stephanie Kelton  · 8 Jun 2020  · 338pp  · 104,684 words

Alpha Trader

by Brent Donnelly  · 11 May 2021

The Powerful and the Damned: Private Diaries in Turbulent Times

by Lionel Barber  · 5 Nov 2020

After the Fall: Being American in the World We've Made

by Ben Rhodes  · 1 Jun 2021  · 342pp  · 114,118 words

Connectography: Mapping the Future of Global Civilization

by Parag Khanna  · 18 Apr 2016  · 497pp  · 144,283 words

The Captured Economy: How the Powerful Enrich Themselves, Slow Down Growth, and Increase Inequality

by Brink Lindsey  · 12 Oct 2017  · 288pp  · 64,771 words

Adaptive Markets: Financial Evolution at the Speed of Thought

by Andrew W. Lo  · 3 Apr 2017  · 733pp  · 179,391 words

Foolproof: Why Safety Can Be Dangerous and How Danger Makes Us Safe

by Greg Ip  · 12 Oct 2015  · 309pp  · 95,495 words

Blindside: How to Anticipate Forcing Events and Wild Cards in Global Politics

by Francis Fukuyama  · 27 Aug 2007

Political Order and Political Decay: From the Industrial Revolution to the Globalization of Democracy

by Francis Fukuyama  · 29 Sep 2014  · 828pp  · 232,188 words

The Post-American World: Release 2.0

by Fareed Zakaria  · 1 Jan 2008  · 344pp  · 93,858 words

Immigration worldwide: policies, practices, and trends

by Uma Anand Segal, Doreen Elliott and Nazneen S. Mayadas  · 19 Jan 2010  · 492pp  · 70,082 words

Breakout Nations: In Pursuit of the Next Economic Miracles

by Ruchir Sharma  · 8 Apr 2012  · 411pp  · 114,717 words

After the New Economy: The Binge . . . And the Hangover That Won't Go Away

by Doug Henwood  · 9 May 2005  · 306pp  · 78,893 words

Stigum's Money Market, 4E

by Marcia Stigum and Anthony Crescenzi  · 9 Feb 2007  · 1,202pp  · 424,886 words

Panderer to Power

by Frederick Sheehan  · 21 Oct 2009  · 435pp  · 127,403 words

Globalists

by Quinn Slobodian  · 16 Mar 2018  · 451pp  · 142,662 words

13 Bankers: The Wall Street Takeover and the Next Financial Meltdown

by Simon Johnson and James Kwak  · 29 Mar 2010  · 430pp  · 109,064 words

GDP: A Brief but Affectionate History

by Diane Coyle  · 23 Feb 2014  · 159pp  · 45,073 words

The Price of Everything: And the Hidden Logic of Value

by Eduardo Porter  · 4 Jan 2011  · 353pp  · 98,267 words

Crude Volatility: The History and the Future of Boom-Bust Oil Prices

by Robert McNally  · 17 Jan 2017  · 436pp  · 114,278 words

The New Economics: A Bigger Picture

by David Boyle and Andrew Simms  · 14 Jun 2009  · 207pp  · 86,639 words

Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist

by Kate Raworth  · 22 Mar 2017  · 403pp  · 111,119 words

Under the Loving Care of the Fatherly Leader: North Korea and the Kim Dynasty

by Bradley K. Martin  · 14 Oct 2004  · 1,509pp  · 416,377 words

The Billionaire Raj: A Journey Through India's New Gilded Age

by James Crabtree  · 2 Jul 2018  · 442pp  · 130,526 words

10% Less Democracy: Why You Should Trust Elites a Little More and the Masses a Little Less

by Garett Jones  · 4 Feb 2020  · 303pp  · 75,192 words

Big Debt Crises

by Ray Dalio  · 9 Sep 2018  · 782pp  · 187,875 words

Crashed: How a Decade of Financial Crises Changed the World

by Adam Tooze  · 31 Jul 2018  · 1,066pp  · 273,703 words

The Default Line: The Inside Story of People, Banks and Entire Nations on the Edge

by Faisal Islam  · 28 Aug 2013  · 475pp  · 155,554 words

The Making of Global Capitalism

by Leo Panitch and Sam Gindin  · 8 Oct 2012  · 823pp  · 206,070 words

The Curse of Cash

by Kenneth S Rogoff  · 29 Aug 2016  · 361pp  · 97,787 words

The Investment Checklist: The Art of In-Depth Research

by Michael Shearn  · 8 Nov 2011  · 400pp  · 124,678 words

Firefighting

by Ben S. Bernanke, Timothy F. Geithner and Henry M. Paulson, Jr.  · 16 Apr 2019

The Infinite Machine: How an Army of Crypto-Hackers Is Building the Next Internet With Ethereum

by Camila Russo  · 13 Jul 2020  · 349pp  · 102,827 words

The New Map: Energy, Climate, and the Clash of Nations

by Daniel Yergin  · 14 Sep 2020

Heads I Win, Tails I Win

by Spencer Jakab  · 21 Jun 2016  · 303pp  · 84,023 words

The Lonely Century: How Isolation Imperils Our Future

by Noreena Hertz  · 13 May 2020  · 506pp  · 133,134 words

Ten Lessons for a Post-Pandemic World

by Fareed Zakaria  · 5 Oct 2020  · 289pp  · 86,165 words

Boom: Bubbles and the End of Stagnation

by Byrne Hobart and Tobias Huber  · 29 Oct 2024  · 292pp  · 106,826 words

Making Sense of Chaos: A Better Economics for a Better World

by J. Doyne Farmer  · 24 Apr 2024  · 406pp  · 114,438 words

A Brief History of Neoliberalism

by David Harvey  · 2 Jan 1995  · 318pp  · 85,824 words

Second World: Empires and Influence in the New Global Order

by Parag Khanna  · 4 Mar 2008  · 537pp  · 158,544 words

How to Run the World: Charting a Course to the Next Renaissance

by Parag Khanna  · 11 Jan 2011  · 251pp  · 76,868 words

Grave New World: The End of Globalization, the Return of History

by Stephen D. King  · 22 May 2017  · 354pp  · 92,470 words

Disaster Capitalism: Making a Killing Out of Catastrophe

by Antony Loewenstein  · 1 Sep 2015  · 464pp  · 121,983 words

Termites of the State: Why Complexity Leads to Inequality

by Vito Tanzi  · 28 Dec 2017

Unfinished Business

by Tamim Bayoumi  · 405pp  · 109,114 words

Super Continent: The Logic of Eurasian Integration

by Kent E. Calder  · 28 Apr 2019

Currency Wars: The Making of the Next Gobal Crisis

by James Rickards  · 10 Nov 2011  · 381pp  · 101,559 words

In FED We Trust: Ben Bernanke's War on the Great Panic

by David Wessel  · 3 Aug 2009  · 350pp  · 109,220 words

Liberalism at Large: The World According to the Economist

by Alex Zevin  · 12 Nov 2019  · 767pp  · 208,933 words

Kicking Awaythe Ladder

by Ha-Joon Chang  · 4 Sep 2000  · 192pp

Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present

by Jeff Madrick  · 11 Jun 2012  · 840pp  · 202,245 words

Confidence Game: How a Hedge Fund Manager Called Wall Street's Bluff

by Christine S. Richard  · 26 Apr 2010  · 459pp  · 118,959 words

The Physics of Wall Street: A Brief History of Predicting the Unpredictable

by James Owen Weatherall  · 2 Jan 2013  · 338pp  · 106,936 words

The Death of Money: The Coming Collapse of the International Monetary System

by James Rickards  · 7 Apr 2014  · 466pp  · 127,728 words

The Enigma of Capital: And the Crises of Capitalism

by David Harvey  · 1 Jan 2010  · 369pp  · 94,588 words

The Relentless Revolution: A History of Capitalism

by Joyce Appleby  · 22 Dec 2009  · 540pp  · 168,921 words

All the Devils Are Here

by Bethany McLean  · 19 Oct 2010  · 543pp  · 157,991 words

The Establishment: And How They Get Away With It

by Owen Jones  · 3 Sep 2014  · 388pp  · 125,472 words

How Asia Works

by Joe Studwell  · 1 Jul 2013  · 868pp  · 147,152 words

Global Inequality: A New Approach for the Age of Globalization

by Branko Milanovic  · 10 Apr 2016  · 312pp  · 91,835 words

The Globalization Paradox: Democracy and the Future of the World Economy

by Dani Rodrik  · 23 Dec 2010  · 356pp  · 103,944 words

The Origins of Political Order: From Prehuman Times to the French Revolution

by Francis Fukuyama  · 11 Apr 2011  · 740pp  · 217,139 words

Treasure Islands: Uncovering the Damage of Offshore Banking and Tax Havens

by Nicholas Shaxson  · 11 Apr 2011  · 429pp  · 120,332 words

When the Money Runs Out: The End of Western Affluence

by Stephen D. King  · 17 Jun 2013  · 324pp  · 90,253 words

The Bank That Lived a Little: Barclays in the Age of the Very Free Market

by Philip Augar  · 4 Jul 2018  · 457pp  · 143,967 words

The Behavioral Investor

by Daniel Crosby  · 15 Feb 2018  · 249pp  · 77,342 words

The Rise and Fall of Nations: Forces of Change in the Post-Crisis World

by Ruchir Sharma  · 5 Jun 2016  · 566pp  · 163,322 words

The Conservative Nanny State: How the Wealthy Use the Government to Stay Rich and Get Richer

by Dean Baker  · 15 Jul 2006  · 234pp  · 53,078 words

Capitalism in America: A History

by Adrian Wooldridge and Alan Greenspan  · 15 Oct 2018  · 585pp  · 151,239 words

The Fourth Revolution: The Global Race to Reinvent the State

by John Micklethwait and Adrian Wooldridge  · 14 May 2014  · 372pp  · 92,477 words

Samsung Rising: The Inside Story of the South Korean Giant That Set Out to Beat Apple and Conquer Tech

by Geoffrey Cain  · 15 Mar 2020  · 540pp  · 119,731 words

Brazillionaires: The Godfathers of Modern Brazil

by Alex Cuadros  · 1 Jun 2016  · 433pp  · 125,031 words

Rethinking Money: How New Currencies Turn Scarcity Into Prosperity

by Bernard Lietaer and Jacqui Dunne  · 4 Feb 2013

China's Great Wall of Debt: Shadow Banks, Ghost Cities, Massive Loans, and the End of the Chinese Miracle

by Dinny McMahon  · 13 Mar 2018  · 290pp  · 84,375 words

The Invisible Hands: Top Hedge Fund Traders on Bubbles, Crashes, and Real Money

by Steven Drobny  · 18 Mar 2010  · 537pp  · 144,318 words

Making Globalization Work

by Joseph E. Stiglitz  · 16 Sep 2006

Red Flags: Why Xi's China Is in Jeopardy

by George Magnus  · 10 Sep 2018  · 371pp  · 98,534 words

Money and Government: The Past and Future of Economics

by Robert Skidelsky  · 13 Nov 2018

23 Things They Don't Tell You About Capitalism

by Ha-Joon Chang  · 1 Jan 2010  · 365pp  · 88,125 words

What Would the Great Economists Do?: How Twelve Brilliant Minds Would Solve Today's Biggest Problems

by Linda Yueh  · 4 Jun 2018  · 453pp  · 117,893 words

The Great Economists: How Their Ideas Can Help Us Today

by Linda Yueh  · 15 Mar 2018  · 374pp  · 113,126 words

Straight Talk on Trade: Ideas for a Sane World Economy

by Dani Rodrik  · 8 Oct 2017  · 322pp  · 87,181 words

The Long Game: China's Grand Strategy to Displace American Order

by Rush Doshi  · 24 Jun 2021  · 816pp  · 191,889 words

The Rise of Carry: The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and Recurring Crisis

by Tim Lee, Jamie Lee and Kevin Coldiron  · 13 Dec 2019  · 241pp  · 81,805 words

The Divide: A Brief Guide to Global Inequality and Its Solutions

by Jason Hickel  · 3 May 2017  · 332pp  · 106,197 words

The Billionaire's Apprentice: The Rise of the Indian-American Elite and the Fall of the Galleon Hedge Fund

by Anita Raghavan  · 4 Jun 2013  · 575pp  · 171,599 words

The World's Banker: A Story of Failed States, Financial Crises, and the Wealth and Poverty of Nations

by Sebastian Mallaby  · 24 Apr 2006  · 605pp  · 169,366 words

Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace

by Matthew C. Klein  · 18 May 2020  · 339pp  · 95,270 words

Manias, Panics and Crashes: A History of Financial Crises, Sixth Edition

by Kindleberger, Charles P. and Robert Z., Aliber  · 9 Aug 2011

American Foundations: An Investigative History

by Mark Dowie  · 3 Oct 2009  · 410pp  · 115,666 words

Angrynomics

by Eric Lonergan and Mark Blyth  · 15 Jun 2020  · 194pp  · 56,074 words

Cities in the Sky: The Quest to Build the World's Tallest Skyscrapers

by Jason M. Barr  · 13 May 2024  · 292pp  · 107,998 words

The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources

by Javier Blas and Jack Farchy  · 25 Feb 2021  · 565pp  · 134,138 words

Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives

by Satyajit Das  · 15 Nov 2006  · 349pp  · 134,041 words

Red Roulette: An Insider's Story of Wealth, Power, Corruption, and Vengeance in Today's China

by Desmond Shum  · 6 Sep 2021  · 277pp  · 85,191 words

Commodity Trading Advisors: Risk, Performance Analysis, and Selection

by Greg N. Gregoriou, Vassilios Karavas, François-Serge Lhabitant and Fabrice Douglas Rouah  · 23 Sep 2004

The End of Wall Street

by Roger Lowenstein  · 15 Jan 2010  · 460pp  · 122,556 words

Models. Behaving. Badly.: Why Confusing Illusion With Reality Can Lead to Disaster, on Wall Street and in Life

by Emanuel Derman  · 13 Oct 2011  · 240pp  · 60,660 words

Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World

by Tom Wright and Bradley Hope  · 17 Sep 2018  · 354pp  · 110,570 words

Zero-Sum Future: American Power in an Age of Anxiety

by Gideon Rachman  · 1 Feb 2011  · 391pp  · 102,301 words

Age of Discovery: Navigating the Risks and Rewards of Our New Renaissance

by Ian Goldin and Chris Kutarna  · 23 May 2016  · 437pp  · 113,173 words

The White Man's Burden: Why the West's Efforts to Aid the Rest Have Done So Much Ill and So Little Good

by William Easterly  · 1 Mar 2006

The End of Alchemy: Money, Banking and the Future of the Global Economy

by Mervyn King  · 3 Mar 2016  · 464pp  · 139,088 words

The Man Who Knew: The Life and Times of Alan Greenspan

by Sebastian Mallaby  · 10 Oct 2016  · 1,242pp  · 317,903 words

In Defense of Global Capitalism

by Johan Norberg  · 1 Jan 2001  · 233pp  · 75,712 words

The Asylum: The Renegades Who Hijacked the World's Oil Market

by Leah McGrath Goodman  · 15 Feb 2011  · 553pp  · 168,111 words

Capitalism and Its Critics: A History: From the Industrial Revolution to AI

by John Cassidy  · 12 May 2025  · 774pp  · 238,244 words

Chokepoints: American Power in the Age of Economic Warfare

by Edward Fishman  · 25 Feb 2025  · 884pp  · 221,861 words

Not One Inch: America, Russia, and the Making of Post-Cold War Stalemate

by M. E. Sarotte  · 29 Nov 2021  · 791pp  · 222,536 words

The Firm

by Duff McDonald  · 1 Jun 2014  · 654pp  · 120,154 words

Stakeholder Capitalism: A Global Economy That Works for Progress, People and Planet

by Klaus Schwab and Peter Vanham  · 27 Jan 2021  · 460pp  · 107,454 words

The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters

by Gregory Zuckerman  · 5 Nov 2013  · 483pp  · 143,123 words

Earth Wars: The Battle for Global Resources

by Geoff Hiscock  · 23 Apr 2012  · 363pp  · 101,082 words

The Land Grabbers: The New Fight Over Who Owns the Earth

by Fred Pearce  · 28 May 2012  · 379pp  · 114,807 words

Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa

by Dambisa Moyo  · 17 Mar 2009  · 225pp  · 61,388 words

The Barefoot Investor: The Only Money Guide You'll Ever Need

by Scott Pape  · 22 Nov 2016  · 229pp  · 64,697 words

The Uninhabitable Earth: Life After Warming

by David Wallace-Wells  · 19 Feb 2019  · 343pp  · 101,563 words

The Future Is Asian

by Parag Khanna  · 5 Feb 2019  · 496pp  · 131,938 words

Smart Cities, Digital Nations

by Caspar Herzberg  · 13 Apr 2017

China's Superbank

by Henry Sanderson and Michael Forsythe  · 26 Sep 2012

The Volatility Smile

by Emanuel Derman,Michael B.Miller  · 6 Sep 2016

Indelible City: Dispossession and Defiance in Hong Kong

by Louisa Lim  · 19 Apr 2022

The Long Boom: A Vision for the Coming Age of Prosperity

by Peter Schwartz, Peter Leyden and Joel Hyatt  · 18 Oct 2000  · 353pp  · 355 words

The New Ruthless Economy: Work & Power in the Digital Age

by Simon Head  · 14 Aug 2003  · 242pp  · 245 words

Propaganda and the Public Mind

by Noam Chomsky and David Barsamian  · 31 Mar 2015

Rogue States

by Noam Chomsky  · 9 Jul 2015

China's Disruptors: How Alibaba, Xiaomi, Tencent, and Other Companies Are Changing the Rules of Business

by Edward Tse  · 13 Jul 2015  · 233pp  · 64,702 words

Upheaval: Turning Points for Nations in Crisis

by Jared Diamond  · 6 May 2019  · 459pp  · 144,009 words

The Economics Anti-Textbook: A Critical Thinker's Guide to Microeconomics

by Rod Hill and Anthony Myatt  · 15 Mar 2010

Age of Anger: A History of the Present

by Pankaj Mishra  · 26 Jan 2017  · 410pp  · 106,931 words

Capitalism, Alone: The Future of the System That Rules the World

by Branko Milanovic  · 23 Sep 2019

Willful: How We Choose What We Do

by Richard Robb  · 12 Nov 2019  · 202pp  · 58,823 words

Apple in China: The Capture of the World's Greatest Company

by Patrick McGee  · 13 May 2025  · 377pp  · 138,306 words

Plenitude: The New Economics of True Wealth

by Juliet B. Schor  · 12 May 2010  · 309pp  · 78,361 words

Reinventing the Bazaar: A Natural History of Markets

by John McMillan  · 1 Jan 2002  · 350pp  · 103,988 words

The Moral Animal: Evolutionary Psychology and Everyday Life

by Robert Wright  · 1 Jan 1994  · 604pp  · 161,455 words

Saudi America: The Truth About Fracking and How It's Changing the World

by Bethany McLean  · 10 Sep 2018

Culture and Prosperity: The Truth About Markets - Why Some Nations Are Rich but Most Remain Poor

by John Kay  · 24 May 2004  · 436pp  · 76 words

Winning Now, Winning Later

by David M. Cote  · 17 Apr 2020  · 297pp  · 93,882 words

Targeted: The Cambridge Analytica Whistleblower's Inside Story of How Big Data, Trump, and Facebook Broke Democracy and How It Can Happen Again

by Brittany Kaiser  · 21 Oct 2019  · 391pp  · 123,597 words

Nonzero: The Logic of Human Destiny

by Robert Wright  · 28 Dec 2010

The Story of Work: A New History of Humankind

by Jan Lucassen  · 26 Jul 2021  · 869pp  · 239,167 words

Nomad Capitalist: How to Reclaim Your Freedom With Offshore Bank Accounts, Dual Citizenship, Foreign Companies, and Overseas Investments

by Andrew Henderson  · 8 Apr 2018  · 403pp  · 110,492 words

Getting Back to Full Employment: A Better Bargain for Working People

by Dean Baker and Jared Bernstein  · 14 Nov 2013  · 128pp  · 35,958 words

Overbooked: The Exploding Business of Travel and Tourism

by Elizabeth Becker  · 16 Apr 2013  · 570pp  · 158,139 words

Brave New World of Work

by Ulrich Beck  · 15 Jan 2000  · 236pp  · 67,953 words

Brilliant, Crazy, Cocky: How the Top 1% of Entrepreneurs Profit From Global Chaos

by Sarah Lacy  · 6 Jan 2011  · 269pp  · 77,876 words

The Despot's Accomplice: How the West Is Aiding and Abetting the Decline of Democracy

by Brian Klaas  · 15 Mar 2017

How to Stand Up to a Dictator

by Maria Ressa  · 19 Oct 2022

The River of Lost Footsteps

by Thant Myint-U  · 14 Apr 2006

Poisoned Wells: The Dirty Politics of African Oil

by Nicholas Shaxson  · 20 Mar 2007

The Rough Guide to Korea

by Rough Guides  · 24 Sep 2018  · 712pp  · 199,112 words

The Hidden History of Burma

by Thant Myint-U

State-Building: Governance and World Order in the 21st Century

by Francis Fukuyama  · 7 Apr 2004

Stock Market Wizards: Interviews With America's Top Stock Traders

by Jack D. Schwager  · 1 Jan 2001

The Cleaner: The True Story of One of the World's Most Successful Money Launderers

by Bruce Aitken  · 2 Mar 2017

The Pandemic Century: One Hundred Years of Panic, Hysteria, and Hubris

by Mark Honigsbaum  · 8 Apr 2019  · 529pp  · 150,263 words

Everybody Lies: Big Data, New Data, and What the Internet Can Tell Us About Who We Really Are

by Seth Stephens-Davidowitz  · 8 May 2017  · 337pp  · 86,320 words

Obliquity: Why Our Goals Are Best Achieved Indirectly

by John Kay  · 30 Apr 2010  · 237pp  · 50,758 words

Blue Ocean Strategy, Expanded Edition: How to Create Uncontested Market Space and Make the Competition Irrelevant

by W. Chan Kim and Renée A. Mauborgne  · 20 Jan 2014  · 287pp  · 80,180 words

Economic Gangsters: Corruption, Violence, and the Poverty of Nations

by Raymond Fisman and Edward Miguel  · 14 Apr 2008

The Bottom Billion: Why the Poorest Countries Are Failing and What Can Be Done About It

by Paul Collier  · 26 Apr 2007  · 222pp  · 75,561 words

Analysis of Financial Time Series

by Ruey S. Tsay  · 14 Oct 2001

The History of the Future: Oculus, Facebook, and the Revolution That Swept Virtual Reality

by Blake J. Harris  · 19 Feb 2019  · 561pp  · 163,916 words

Lonely Planet Hong Kong

by Lonely Planet

Pocket Rough Guide Hong Kong & Macau

by Rough Guides  · 18 Jul 2024