The American stock market's remarkable growth from 1964 to 2007 reflects a complex interplay of factors including sustained economic growth, favorable monetary policies, and increased investor confidence.
Explore the complexities of stock market behavior, influenced by irrational exuberance, animal spirits, and information asymmetry, resulting in volatility and uncertainty.
The resurgence of bondholders due to reduced inflation rates, improved confidence in government-issued bonds, and increased investment in emerging markets.
The 19th century saw widespread debt defaults and currency depreciations in Latin America due to weak institutions, lack of accountability, and increased tensions between governments and foreign investors.
The Rothschild family's business correspondence reveals their significance in European finance during the 18th and 19th centuries, highlighting the importance of communication, relationships, and financial acumen.
The Dutch Revolt against Spanish rule had significant financial implications for both nations, with the establishment of innovative securities and a substantial growth in debt.
The development of bond markets in Northern Europe during the medieval period, focusing on the census contract and its role in raising revenue for towns.
The bond market's power lies in its ability to punish governments with higher borrowing costs, creating a feedback loop that can have far-reaching implications for the economy and society.