A Brief History of the Fear-Gripped Market

Colin Read
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Colin Read: SUNY College

Chapter 17 in The Fear Factor, 2009, pp 139-150 from Palgrave Macmillan

Abstract: Abstract Panics seem as old as markets themselves. Over the last 200 years, the United States and Great Britain experienced a dozen severe panics: in 1819, 1825, 1837, 1857, 1873, 1893, 1901, 1907, 1929, 1987, the Asian Contagion of 1997, and 2007–2008. While each of these arose from a different calamity, they share some important characteristics. Each provoked a fear that brought the market to its knees. It is instructive to understand the common dynamics of each of these crises. Clearly, our economic leaders are now doing just that. Perhaps so should we.

Keywords: Central Bank; Money Supply; Monetary Authority; Short Seller; Bank Failure (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-25086-4_18

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DOI: 10.1057/9780230250864_18

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