Black Swan: Economic Crises, Volume III

This book continues the discussion from Volume I and Volume II on economic, fiscal and financial crises in world history that have had a great impact on the entire world and the fiscal measures taken by governments to combat each crisis. Such events are often described as Black Swans, a concept introduced by economist and risk analyst Nassim Nicholas Taleb in the book Fooled By Randomness in 2001, in reference to events that were thought to be impossible but had a huge impact when they did happen.

Since the Great Depression of 1929, the greatest crisis of the 20th century, there has been a second crisis in the 21st century with similar profound effects. Liberalization of international capital movements and trade, the existence of multinational companies, the integration of international markets and financial movements and the country's economies are closely linked. In the 21st century we are living in, with the effect of globalization, we can see that the markets have gradually become a "Global Village"; therefore, an event that occurs in any continent is now affecting all countries, including Turkey, in a very short time.

In this third volume, besides the important 21st century crises such as the Global Financial Crisis and the European Debt Crisis that caused the world economy to buckle under its pressures, the causes and results of the recent economic crises breaking out in Argentina, Turkey and Venezuela, where financial fragility is high and severe financial problems exist, are examined in detail.

Provides a historical overview of economic, fiscal and financial crises in the 20th and 21st centuries Examines the recent economic crises breaking out in Argentina, Turkey and Venezuela Presents lessons that would be useful in creating strategies to recover from future crises

Autorentext

Bernur Açikgöz attended Ankara Finance High School and continued her undergraduate studies at Dokuz Eylül University, Department of Finance. She received her master's degree in Financial Law from Dokuz Eylül University. In 2006, she was awarded her Ph.D. degree from Dokuz Eylul University Department of Public Finance. Her Ph.D. thesis covered the topics of poverty and development.

In 2006, she won the Harvard University Project scholarship and worked as a visiting professor at Harvard University. In 2009, she received a scholarship from the Swiss Government for a post-doctorate degree in economics at the University of Neuchatel/Switzerland and taught courses at Bern Universities. She then began to work in the fields of experimental economics and game theory and for three consecutive years as a guest lecturer in the economics laboratory of the Montpellier University in Montpellier, France. Afterward, she went to Missouri University, Indiana University and Arizona University with a scholarship from Missouri University. She then worked as a visiting professor at the

University of East Anglia and took some courses from Exeter Universities in the UK with a Tubitak scholarship.

Inhalt

Introduction.- Long Term Descriptive Analysis of Argentina's Economy and 2001 Argentine Economic Crisis in the Context of Argentina's Economic Indicators and Public Finance Realisations.- DotCom Bubble.- 2001 Financial Crisis in Turkey.- 2008 Global Economic Crisis.- Greek Debt Crisis.- Brazilian Crisis: Great Recession (2015-2016).- 2009-2019 European Debt Crisis.- A Political, Economic and Humanitarian Crisis: Venezuela Crisis.- Index.