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Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? Boom and Bust reveals why bubbles happen, and why some bubbles have catastrophic economic, social and political consequences, whilst others have actually benefited society.
Can the lessons of the past help us to prevent another banking collapse in the future? This is the first full account of the rise and fall of British banking stability over two hundred years, shedding new light on why banking systems crash and on the factors underpinning banking stability.
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