Bibliography

Items marked with an asterisk are very good overviews

* Bookstaber, Richard. 2007.  A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation, John Wiley & Sons, Hoboken NJ

         An excellent overview of the implication of hedging and other strategies using derivative securities, by a hedge fund manager and well-known former academic.

      Bruck, Connie. The Predator's Ball: The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders, Simon and Schuster, New York, NY, 1988.

      Bruner, Robert F. and Sean D. Carr. The Panic of 1907: Lessons Learned from the Market's Perfect Storm, John Wiley & Sons, Hoboken NJ, 2007.

          A very readable description of the most important banking panic, in which J.P. Morgan, Teddy Roosevelt's "malefactor of wealth," saved the financial

          markets and softened a recession. This episode lead to the Federal Reserve Act of 1913.

      Friedman, Milton and Anna J. Schwartz, A Monetary History of the United States, Princeton University Press, Princeton NJ 1962. (pp. 308-332) (click here for PDF File)

         An excruciatingly detailed but powerful history of monetary matters in the U.S. Excellent as a reference or a door-stop.

     Friedman, Milton. 1994. Money Mischief: Episodes in Monetary History, Harcourt, Brace, and Company, New York, NY.

         A readable selection of monetary episodes covered in Friedman and Schwartz.

     Garber, Peter M. 2000. Famous First Bubbles: The Fundamentals of Early Manias, MIT Press, Cambridge MA, 2000.

         A modern assessment of the Dutch Tulipmania (1636), the French Mississippi Bubble (1720), and the English South Sea Bubble (1720). This book

          sets out to debunk myths surrounding those bubbles.

     Kopcke, Richard. The Subprime Crisis (click here for PowerPoint file, click  here for very funny description))

         A PowerPoint presentation to the U.S. Treasury Office of Tax Analysis.

* Kindleberger, Charles.Manias, Panics, and Crashes, Wiley & Sons, New York, 2001.

         A widely-read review of the history and character of financial crises.

      Lowenstein, Roger. Origins of the Crash: The Great Bubble and its Undoing, The Penguin Press, New York NY, 2004.

         An assessment of the stock market crash of 1987

      Lowenstein, Roger..When Genius Failed: The Rise and Fall of Long-Term Capital Management, Random House, New York NY, 2000.

         The first important hedge fund failure, in 1998.

       Lowenstein, Roger. "Triple-A," New York Times Magazine, Sunday, April 27, 2008. (Click here to download) 

       McKay, Charles. 1841. A Social History of the Mississippi Bubble, the South Sea Bubble, and the Dutch Tulip Bubble.

       McLean, Bethany and Peter Elkind. The Smartest Guys in the Room:  The Amazing Rise and Scandalous Fall of Enron, Penguin Group,

          New York, NY, 2003.

      Tallman, Ellis and John Moen. 1990.Lessons from the Panic of 1907, Federal Reserve Bank of Atlanta Economic Review.

         An abbreviated description of the Panic of 1907. (Click here for PDF file)

      Velde, Francoise. 2004. "Government Equity and Money: John Laws System in 1720 France," Federal Reserve Bank of Chicago, mimeo.

         An excellent and very detailed description of John Law's Ideas and their implementation un France. (Click here PDF file).