After our successful webinar series "Credit Booms Gone Bust" and a strong YSI presence at the 2019 Private Debt Initiative in New York, we are excited to host Richard Vague who will give a webinar on his most recent book – A Brief History of Doom: Two Hundred Years of Financial Crises.
Join us for a Webinar!
Topic: Richard Vague – A Brief History of Doom
Time: July 05, 2019, 16:00 (Timezone: Europe/Berlin)
Join from PC, Mac, Linux, iOS or Android: https://ysd.ineteconomics.org/project/5c795a6826872107f94eb1bc/event/5d17445dd2f0f91ebc57a066
About A Brief History of Doom
Financial crises happen time and again in post-industrial economies—and they are extraordinarily damaging. Building on insights gleaned from many years of work in the banking industry and drawing on a vast trove of data, Richard Vague argues that such crises follow a pattern that makes them both predictable and avoidable.
"Debt booms are the Achilles heel of modern economies, and nobody understands this better than Richard Vague. It takes a former banker to expose the folly of lenders in fueling credit booms that lead to devastating financial crises. In his sweeping account of 200 years of financial history, Vague builds on his intimate understanding of banking to explain how private debt booms put economic and social prosperity at risk. This is a must read for anyone who wants to see the next crisis coming."
—Moritz Schularick, University of Bonn
"Richard Vague unmasks a very important insight that financial crises throughout history have originated in bubble formation in the private sector. This diagnosis presents a huge challenge to the political system regarding how to implement the preventative medicine to impede bubbles. The stakes are high for preventing prolonged economic downturns, and the impotence of the public sector is devastating to the reputation of experts and governance, not only in the financial sector but across every division of government. The demoralization on both the left and right after the Great Financial Crisis remains a major contributor to the politics of today. Vague challenges us to face up to these costs."
—Robert Johnson, Institute for New Economic Thinking