Fifth Edition
Charles P. Kindleberger
and
Robert Z. Aliber

Contents
Foreword by Robert M. Solow vii
1 Financial Crisis: A Hardy Perennial 1
2 Anatomy of a Typical Crisis 24
3 Speculative Manias 38
4 Fueling the Flames: The Expansion of Credit 64
5 The Critical Stage 90
6 Euphoria and Economic Booms 113
7 International Contagion 123
8 Bubble Contagion: Tokyo to Bangkok to New York 142
9 Frauds, Swindles, and the Credit Cycle 165
10 Policy Responses: Letting It Burn Out, and Other Devices 203
11 The Domestic Lender of Last Resort 225
12 The International Lender of Last Resort 243
13 The Lessons of History and the Most Tumultuous
Decades Ever 275
Appendix 294
Notes 304
Index 340