Economic Instability

Explore the IMF's role in shaping global economic policy and the impact of its prescriptions on developing countries.

The Mississippi Bubble was a financial phenomenon in 18th century France, where John Law's paper money system created a speculative bubble that burst, causing widespread financial instability.

Learn about John Law's System, a 18th-century attempt at consolidating royal credit in France, and its impact on modern finance.

Explore the causes and effects of hyperinflation in Europe during World War I and its lasting impact on economies.

Understanding the mechanisms of inflation and its far-reaching consequences on economic stability and social cohesion.

Explore the German hyperinflation of 1923, a catastrophic event caused by monetary malfunction, internal gridlock, and external defiance.

Learn about the 1923 German hyperinflation caused by domestic and international factors, including weak tax systems, public spending, reparations, and occupation.

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 rise of household indebtedness in America, a phenomenon driven by financial deregulation, subprime lending, and credit card usage, has significant implications for individual households, the economy, and policymakers.