+612 9045 4394
$7.95 Delivery per order to Australia and New Zealand
100% Australian owned
Over a hundred thousand in-stock titles ready to ship
The Credit-Anstalt Crisis of 1931 : Studies in Monetary & Financial History - Aurel Schubert

The Credit-Anstalt Crisis of 1931

Studies in Monetary & Financial History

Hardcover Published: 5th June 2004
ISBN: 9780521365376
Number Of Pages: 224

Share This Book:


or 4 easy payments of $70.69 with Learn more
Ships in 7 to 10 business days

Earn 566 Qantas Points
on this Book

Other Available Editions (Hide)

  • Paperback View Product Published: 2nd November 2006

Austria played a prominent role in the worldwide events of 1931 as the largest bank in Central and Eastern Europe, the Viennese Credit-Anstalt, collapsed and led Europe into a financial panic that spread to other parts of the world. The events in Austria were pivotal to the economic developments of the 1930s, yet the literature about them is sparse. This book tries to fill this gap. Aurel Schubert analyzes the crisis using the leading theories of financial crises, identifies the causes of the crisis, examines the market's efficiency in predicting events, analyzes how the crisis was transmitted to the real sector, and studies the behavior of the Austrian as well as international authorities as lenders of last resort. His main conclusion is that even sixty years after the crisis, many of its lessons are still valid. Managerial and regulatory deficiencies led to the collapse of the bank; the subsequent currency crisis was not an irrational and unexplainable panic by a confused public, but rather a rational response to inconsistencies in policy; and the reactions of the largely unprepared authorities--in Austria as well as abroad--did not help in resolving the crisis quickly.

Diary of the crisis
Financial crisis theories and the Austrian Experience of 1931
The causes of the financial crisis
The financial crisis and market efficiency
The financial crisis and economic activity
The financial crisis and the lender of last resort
Alternative policies and policy implications
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521365376
ISBN-10: 0521365376
Series: Studies in Monetary & Financial History
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 224
Published: 5th June 2004
Country of Publication: GB
Dimensions (cm): 24.26 x 16.31  x 1.88
Weight (kg): 0.5

Earn 566 Qantas Points
on this Book