The Great Crashes: Lessons from Global Meltdowns and How to Prevent Them
Since the Wall Street Crash in 1929, financial meltdowns have repeatedly sent shockwaves through our world. From the currency crises of the 1980s and 1990s, to Japan’s housing crash, the dot com boom and bust, the global financial meltdown, the euro crisis and the COVID pandemic, The Great Crashes tells the stories of ten of these historic events. They serve as a series of cautionary tales, each with their own set of lessons to be learnt.
With clear-eyed analysis, renowned economist Dr Linda Yueh extracts a three step framework to help recognise the early signs of a crash and mitigate the effects – all with the hope of preventing the worst mistakes of the past from being repeated in the next inevitable financial crisis. She warns about where the next one might come from and shows how her framework could contain it.
Linda Yueh is a well known economist, writer and broadcaster and is currently Fellow in Economics at St Edmund Hall, University of Oxford and Adjunct Professor of Economics at London Business School.
A former Economics Editor at Bloomsberg TV, she also hosted Talking Business with Linda Yueh as Chief Business Correspondent for BBC News. Linda writes for The Times, The New York Times, and the Financial Times and has advised the World Economic Forum in Davos, the World Bank, the European Commission and the Asian Development Bank.
She is the author of six books including The Great Economists, a Times Best Business Book of 2018. Her latest book published May 2023 is The Great Crashes: Lessons from Global Meltdowns and How to Prevent Them.
Linda has recently been appointed by HM Treasury to the Independent Review Panel on Ring-fencing and Proprietary Trading, to examine banking crises and advise the government on mitigating the next one.
Photo credit: Kean Wong