-In this book, MacDonald, who has an extensive background in the financial industry, and Novo, an academic specializing in the history of the Mediterranean world, focus on the particularly damaging impact of the recent global financial crisis on a select group of countries of less than 10 million inhabitants. The authors analyze not only the current financial figures, but also historical antecedents that mark similar periods in those countries' history. Ten chapters include topics like: sinking Scotland, Caribbean follies, when Finland almost failed, and Albanian Pyramid Schemes. This book will interest readers concerned with the effects of the financial crisis beyond the borders of the United States.-
--Book News Inc.
-This book by MacDonald (Aladdin Capital Management) and Novo (researcher, Harvard Univ.) seeks to address the impact of financial crises on small countries. The work spans several centuries and includes chapters on the Darien venture in late-17th-century Scotland, the Caribbean islands during the 19th century, and Austria in the 1930s up to crises of the last three decades, such as that in the Scandinavian countries in the early 1990s and the most recent difficulties... General readers and lower-division undergraduates.-
--B. B. Andrew,
Choice -Why are small countries so vulnerable to the vagaries of international capital markets? What are the political and economic consequences for those countries when capital fl ows suddenly go into reverse? And what, if anything, can their governments do to protect themselves? In a masterly discussion of case studies from 17th-century Scotland to current-day Greece,
When Small Countries Crash provides the answers. It will cause many of us to see the current financial crises besetting the European periphery in an entirely new light.- --Noel Maurer, associate professor of business administration, Harvard Business School
"In this book, MacDonald, who has an extensive background in the financial industry, and Novo, an academic specializing in the history of the Mediterranean world, focus on the particularly damaging impact of the recent global financial crisis on a select group of countries of less than 10 million inhabitants. The authors analyze not only the current financial figures, but also historical antecedents that mark similar periods in those countries' history. Ten chapters include topics like: sinking Scotland, Caribbean follies, when Finland almost failed, and Albanian Pyramid Schemes. This book will interest readers concerned with the effects of the financial crisis beyond the borders of the United States."
--Book News Inc.
"This book by MacDonald (Aladdin Capital Management) and Novo (researcher, Harvard Univ.) seeks to address the impact of financial crises on small countries. The work spans several centuries and includes chapters on the Darien venture in late-17th-century Scotland, the Caribbean islands during the 19th century, and Austria in the 1930s up to crises of the last three decades, such as that in the Scandinavian countries in the early 1990s and the most recent difficulties... General readers and lower-division undergraduates."
--B. B. Andrew,
Choice "Why are small countries so vulnerable to the vagaries of international capital markets? What are the political and economic consequences for those countries when capital fl ows suddenly go into reverse? And what, if anything, can their governments do to protect themselves? In a masterly discussion of case studies from 17th-century Scotland to current-day Greece,
When Small Countries Crash provides the answers. It will cause many of us to see the current financial crises besetting the European periphery in an entirely new light." --Noel Maurer, associate professor of business administration, Harvard Business School
"This book by MacDonald (Aladdin Capital Management) and Novo (researcher, Harvard Univ.) seeks to address the impact of financial crises on small countries. The work spans several centuries and includes chapters on the Darien venture in late-17th-century Scotland, the Caribbean islands during the 19th century, and Austria in the 1930s up to crises of the last three decades, such as that in the Scandinavian countries in the early 1990s and the most recent difficulties... General readers and lower-division undergraduates." --B. B. Andrew, Choice "Why are small countries so vulnerable to the vagaries of international capital markets? What are the political and economic consequences for those countries when capital fl ows suddenly go into reverse? And what, if anything, can their governments do to protect themselves? In a masterly discussion of case studies from 17th-century Scotland to current-day Greece, "When Small Countries Crash "provides the answers. It will cause many of us to see the current financial crises besetting the European periphery in an entirely new light." --Noel Maurer, associate professor of business administration, Harvard Business School
"In this book, MacDonald, who has an extensive background in the financial industry, and Novo, an academic specializing in the history of the Mediterranean world, focus on the particularly damaging impact of the recent global financial crisis on a select group of countries of less than 10 million inhabitants. The authors analyze not only the current financial figures, but also historical antecedents that mark similar periods in those countries' history. Ten chapters include topics like: sinking Scotland, Caribbean follies, when Finland almost failed, and Albanian Pyramid Schemes. This book will interest readers concerned with the effects of the financial crisis beyond the borders of the United States."
--Book News Inc.
"In this book, MacDonald, who has an extensive background in the financial industry, and Novo, an academic specializing in the history of the Mediterranean world, focus on the particularly damaging impact of the recent global financial crisis on a select group of countries of less than 10 million inhabitants. The authors analyze not only the current financial figures, but also historical antecedents that mark similar periods in those countries' history. Ten chapters include topics like: sinking Scotland, Caribbean follies, when Finland almost failed, and Albanian Pyramid Schemes. This book will interest readers concerned with the effects of the financial crisis beyond the borders of the United States."
--Book News Inc.
