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Author: Moshe Arye Milevsky
Publisher: Springer
ISBN: 3319599879
Category : Business & Economics
Languages : en
Pages : 230
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Book Description
This book studies King Charles II's decision to stop all payments from his royal exchequer, a sordid but little-known event in English history with eerie similarities to the cause of the Great Recession of 2008. As with any modern banking crisis, the financial system in 1672 almost collapsed, day-to-day commerce ground to a halt, houses were lost, and ordinary investors suffered—but there was no banking bailout, and no mercy for the goldsmith-bankers who had lent the king millions to fund his unsustainable lifestyle. The royal decision, made in the wake of plagues, fires, and war with the Dutch, left bankers unable to cover their own liabilities and, in the days before bankruptcy, they couldn’t walk away from their obligations and start fresh. Many bankers spent the end of their lives in debtors' prison, but English commoners had little sympathy for the plight of rich financiers—a sentiment echoed after the financial crisis of 2008. Ultimately, this book tells the complete story of the Merry Monarch's financial default (England's first and last) using the lens and language of modern financial products and markets. It covers the precarious history leading up to the infamous day in 1672, the intrigue surrounding the ‘stop’—including those who traded on inside information beforehand—and the attempt by distressed creditors to gain financial restitution.
Author: Moshe Arye Milevsky
Publisher: Springer
ISBN: 3319599879
Category : Business & Economics
Languages : en
Pages : 230
Get Book Here
Book Description
This book studies King Charles II's decision to stop all payments from his royal exchequer, a sordid but little-known event in English history with eerie similarities to the cause of the Great Recession of 2008. As with any modern banking crisis, the financial system in 1672 almost collapsed, day-to-day commerce ground to a halt, houses were lost, and ordinary investors suffered—but there was no banking bailout, and no mercy for the goldsmith-bankers who had lent the king millions to fund his unsustainable lifestyle. The royal decision, made in the wake of plagues, fires, and war with the Dutch, left bankers unable to cover their own liabilities and, in the days before bankruptcy, they couldn’t walk away from their obligations and start fresh. Many bankers spent the end of their lives in debtors' prison, but English commoners had little sympathy for the plight of rich financiers—a sentiment echoed after the financial crisis of 2008. Ultimately, this book tells the complete story of the Merry Monarch's financial default (England's first and last) using the lens and language of modern financial products and markets. It covers the precarious history leading up to the infamous day in 1672, the intrigue surrounding the ‘stop’—including those who traded on inside information beforehand—and the attempt by distressed creditors to gain financial restitution.
Author: Trevor Jackson
Publisher: Cambridge University Press
ISBN: 1009034235
Category : Business & Economics
Languages : en
Pages : 323
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Book Description
Whose fault are financial crises, and who is responsible for stopping them, or repairing the damage? Impunity and Capitalism develops a new approach to the history of capitalism and inequality by using the concept of impunity to show how financial crises stopped being crimes and became natural disasters. Trevor Jackson examines the legal regulation of capital markets in a period of unprecedented expansion in the complexity of finance ranging from the bankruptcy of Europe's richest man in 1709, to the world's first stock market crash in 1720, to the first Latin American debt crisis in 1825. He shows how, after each crisis, popular anger and improvised policy responses resulted in efforts to create a more just financial capitalism but succeeded only in changing who could act with impunity, and how. Henceforth financial crises came to seem normal and legitimate, caused by impersonal international markets, with the costs borne by domestic populations and nobody in particular at fault.
Author: Sir James Augustus Henry Murray
Publisher:
ISBN:
Category : English language
Languages : en
Pages : 1256
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Book Description
Author: James Augustus Henry Murray
Publisher:
ISBN:
Category : English language
Languages : en
Pages : 764
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Book Description
Author: Johnette Howard
Publisher: Crown Archetype
ISBN: 0307419495
Category : Biography & Autobiography
Languages : en
Pages : 306
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Book Description
In the annals of sports, no individual rivalry matches the intensity, longevity, and emotional resonance of the one between two extraordinary women: Chris Evert and Martina Navratilova. Over sixteen years, Evert and Navratilova met on the tennis court a record eighty times—sixty times in finals. At their first match in Akron, Ohio, in 1973, Chris was an eighteen-year-old star and Martina, two years her junior, was an unknown Czech making her first trip to the United States. It would be two years before Martina finally beat Chris, and another year—after Navratilova had dropped twenty pounds and improved her game—before Evert publicly betrayed her first hint of concern. By then, the women were already friends and sometimes doubles partners, and the colorful story that would captivate the world was under way. The Rivals is the first book to examine the intertwined journey of these legendary champions, based on extensive interviews with each. Taking readers on and off the courts with vivid, never-before-published material, award-winning sportswriter Johnette Howard shows how Evert and Navratilova came of age during the rambunctious golden age of tennis in the 1970s, and how—together—they redefined women’s athletics during a time of volcanic change in sports and society. Their epic careers unfolded against the backdrop of the fight for Title IX, the gay rights movement, the women's movement and the fall of the iron curtain. Howard draws entertaining, intimate, and myth-shattering portraits of Evert and Navratilova, describing the personal migrations each woman made, and showing how enmeshed their lives became. Navratilova and Evert’s ability to forge and maintain a friendship during sixteen years of often-cutthroat competition has always provoked wonder and admiration. They were a study in contrasts, a collision of politics and style and looks. Chris was the crowd darling while Martina, her greatest foil, was often cast as the villain. Chris was the imperturbable champion who proved toughness and femininity weren’t mutually exclusive; Martina was portrayed as both emotionally fragile and some fearsome Amazon. Chris’s off-court life was presumed to be bedrock solid, the stuff of Main Street America; Martina’s was derided as outrageous and sometimes chaotic, even during her invincible years. Yet, through it all, the two remained friends who lifted each other to heights that each says she couldn’t have reached without the other. Women’s tennis now is more popular than ever, thanks in large part to the trailblazing of Evert and Navratilova. A rivalry like theirs, filled with so many grace notes, is unique in sports history.
Author: Deborah C. Payne
Publisher: Cambridge University Press
ISBN: 1009398210
Category : Drama
Languages : en
Pages : 303
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Book Description
Deborah C. Payne explores how the duopoly of 1660 impacted company practices, stagecraft, the box office, and actors and writers.
Author: Robert Hunter
Publisher:
ISBN:
Category :
Languages : en
Pages : 780
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Book Description
Author: Samuel Johnson
Publisher:
ISBN:
Category : English language
Languages : en
Pages : 982
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Book Description
Author: George Foster Longsdorf
Publisher:
ISBN:
Category : Law reports, digests, etc
Languages : en
Pages : 1036
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Book Description
Author: Christian Dinesen
Publisher: Springer Nature
ISBN: 3030358240
Category : Business & Economics
Languages : en
Pages : 304
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Book Description
Offering a historical analysis of management in banking from the Medici to present day, this book explores how banks can cause devastating financial crisis when they fail. Rather than labelling management as ‘good’ or ‘bad’, the author focuses on the concept of absent management, which can occur as a result of complexity. The complexity of banking, which intensified alongside the phenomenal growth of banks in the 20th and 21st centuries, resulted in banks that are mismanaged or, at times, even unmanaged. Drawing on business school case studies including Barings and Lehman Brothers, this book showcases how absent management in banking has caused crises, depressions and recessions, and how ultimately it will continue to do so.
