July 1997 - East Asian currency crisis began; started in Thailand with of speculative attacks on Thai baht (devaluation); spread to Indonesia and Korea (world's eleventh largest economy), possibility of Korean default raised potential threat to international monetary system; stemmed from weaknesses in financial systems and, to lesser extent, governance' combination of inadequate financial sector supervision, poor assessment and management of financial risk, maintenance of relatively fixed exchange rates led banks, corporations to borrow large amounts of international capital, much of it short-term, denominated in foreign currency, unhedged; inflow of foreign capital tended to be used to finance poorer-quality investments; made worse government involvement in private sector, lack of transparency in corporate, fiscal accounting, provision of financial and economic data.

December 3, 1997 - South Korea struck deal with International Monetary Fund for record $55 billion bailout of its foundering economy.

August 17, 1998 - Russian government floated exchange rate, devalued ruble, defaulted on domestic debt, halted payment on ruble-denominated debt, declared a 90-day moratorium on payment by commercial banks to foreign creditors (after six years of economic reform, some limited success in privatization and macroeconomic stabilization, first year of positive economic growth since fall of the Soviet Union); November 1997 - ruble came under speculative attack (after onset of East Asian crisis); Central Bank of Russia (CBR) defended currency, lost nearly $6 billion (USD) in foreign-exchange reserves; February 1998 - Russian government submitted new tax code to Duma; March 23, 1998 - President Yeltsin fired entire government; replaced Prime Minister with 35-year-old former banking, oil company executive (in government less than a year); May 18, 1998 - government bond yields swelled to 47% (inflation at about 10%); May 27, 1998 - demand for bonds plummeted, yields more than 50%, government failed to sell enough bonds at weekly auction to refinance the debt coming due; oil prices dropped to $11 per barrel, less than half their level a year earlier; $2.5 to $3 billion in loans from foreign investors to Russian corporations and banks coming due by end of September; billions of dollars in ruble futures maturing in fall; May-August. 1998 - lost much liquidity, approximately $4 billion left Russia in capital flight, lost around $4 billion in revenue due to sagging oil prices; August 13, 1998 - Russian stock, bond, currency markets collapsed as result of investor fears that government would devalue ruble, default on domestic debt, or both (annual yields on ruble-denominated bonds more than 200%, stock market closed for 35 minutes as prices plummeted, down 65% on small volume). (source: Federal Reserve Bank of St. Louis, 2002).

April 21, 2008 - Final Subprime Tally - $300 billion in losses; $160 billion raised?

(Argentina), Jorge A. Rojas (2003). La Emergencia y el Proceso. (Buenos Aires, Argentina: Rubinzal-Culzoni, 289 p.). Revalorization of debts--Argentina; Currency question--Argentina; Financial crisis--Argentina.

(Argentina), Ernesto Tenembaum (2004). Enemigos: Argentina y el FMI: La Apasionante Discusión entre un Periodista y Uno de los Hombres Clave del Fondo en los Noventa. (Buenos Aires, AR: Grupo Editorial Norma, 334 p.). Journalist (Ventitres Magazine). Colección Biografías y documentos. Economic principles vs. ideology. 

(Argentina), Paul Blustein (2005). And the Money Kept Rolling In (and Out): Wall Street, the IMF, and the Bankrupting of Argentina. (New York, NY: PublicAffairs, 320 p.). Reporter (Washington Post). International Monetary Fund--Argentina; Financial crises--Argentina; Investments, Foreign--Argentina; Argentina--Economic conditions--1983-. 

(Argentina), Edited by Edward Epstein and David Pion-Berlin (2006). Broken Promises: The Argentine Crisis and Argentine Democracy. (Lanham, MD: Lexington Books, 306 p.). Professor of Political Science (University of Utah); Professor of Political Science (University of California, Riverside). Financial crises--Argentina; Argentina--Economic conditions--1983- ; Argentina--Economic policy; Argentina--Politics and government--1983-2002. Political, economic origins of the crisis, reactions of Argentina's security forces, responses of Argentine society, key relationships with Brazil and the U.S. 

(Asia), Philippe Delhaise (1998). Asia in Crisis: The Implosion of the Banking and Finance Systems. (New York, NY: Wiley, 280 p.). Established Asia's first regional bank rating agency, Capital Information Services, the basis of the Asia division of Thomson BankWatch. Banks and banking--Asia--Case studies; Finance--Asia--Case studies; Business cycles--Asia--Case studies.

(Asia), Robert Garran (1998). Tigers Tamed: The End of the Asian Miracle. (Honolulu, HI: University of Hawaii Press, 228 p.). East Asia--Economic conditions; Asia, Southeastern--Economic conditions.

(Asia), Callum Henderson (1998). Asia Falling: Making Sense of the Asian Crisis and Its Aftermath. (New York, NY: McGraw-Hill, 330 p.). Foreign exchange rates--Asia. 

(Asia), Richard Katz (1998). Japan, The System That Soured: The Rise and Fall of the Japanese Economic Miracle. (Armonk, NY: M. E. Sharpe, 463 p.). Japan -- Commercial policy; Industrial policy -- Japan; Japan -- Economic conditions -- 1989-.

(Asia), ed. Karl D. Jackson (1998). The Asian Contagion: The Causes and Consequences of a Financial Crisis. (Boulder, CO: Westview Press,     p.). Financial crises--Asia; Asia--Economic conditions; Asia--Politics and government.

(Asia), Norman Flynn (1999). Miracle to Meltdown in Asia: Business, Government, and Society. (New York, NY: Oxford University Press, 170 p.). Financial crises--Asia; Asia--Economic conditions--1945-; Asia--Economic policy.

(Asia), Gerald Tan (1999). The End of the Asian Miracle?: Tracing Asia’s Economic Transformation. (Singapore: Times Academic Press, 434 p.). Asia--Economic conditions--1945- ; Asia--Economic policy; Asia--Social conditions.

(Asia), Stephen Vines (1999). The Years of Living Dangerously: Asia--from Financial Crisis to the New Millennium. (London, UK: Orion Business Books, 276 p.). Financial crises--Asia; Business enterprises--Asia--Finance; Asia--Economic policy; Asia--Economic conditions--1945-.

(Asia), Mark L. Clifford, Pete Engardio (2000). Meltdown: Asia's Boom, Bust, and Beyond. (Paramus, NJ: Prentice Hall Press, 322 p.). Asia--Economic conditions--1945-.

(Asia), Stephen Haggard (2000). The Political Economy of the Asian Financial Crisis. (Washington, DC: Institute for International Economics, 272 p.). Finance--Asia--Case studies; Financial crises--Asia--Case studies.

(Asia), Gerald Tan (2000). The Asian Currency Crisis. (Singapore: Times Academic Press, 283 p.). Head of Department, Asia Center (Flinders University, Adelaide). Financial crises--Southeast Asia; Financial crises--East Asia. Introduction to the complexities of the 1998 Asian financial crisis.

(Asia), eds, Van Hoa Tran and Charles Harvie (2000). The Causes and Impact of the Asian Financial Crisis. (New York, NY: St. Martin's Press, 232 p.). Financial crises--Asia; Asia--Economic conditions--1945-.

(Asia), eds. Wing Thye Woo, Jeffrey D. Sachs, and Klaus Schwab (2000). The Asian Financial Crisis: Lessons for a Resilient Asia. (Cambridge, MA: MIT Press, 280 p.). Financial crises--Asia--Case studies; Asia--Economic policy--Case studies.

(Asia), Paul Blustein (2001). The Chastening: Inside the Crisis That Rocked the Global Financial System and Humbled the IMF. (New York, NY: Public Affairs, 431 p.). Business Reporter (Washington Post). International Monetary Fund--Economic assistance--Asia; Financial crises--Asia; International finance.

(Asia), Edith Terry (2001). How Asia Got Rich: China, Japan and the Asian Miracle. (Armonk, NY: M. E. Sharpe`, p.). Wealth--Asia; Japan--Economic conditions--1989-; China--Economic conditions--1976-2000; China--Economic conditions--2000-.

(Asia), Richard Katz (2002). Japanese Phoenix: The Long Road to Economic Revival. (Armonk, NY: M. E. Sharpe, p.). Structural adjustment (Economic policy)--Japan; Economic stabilization--Japan; Globalization; Japan--Economic policy--1989-.

(Asia), David L. McKee, Don E. Garner, and Yosra AbuAmara McKee (2002). Crisis, Recovery, and the Role of Accounting Firms in the Pacific Basin. (Westport, CT: Quorum Books, 214 p.). Professor of Economics in the Graduate School of Management (Kent State University); Professor and former Chair of the Department of Accounting (California State University, Stanislaus); Adjunct Faculty Member in Economics (Kent State University). Accounting firms--Pacific Area; Financial crises--Pacific Area.

(Asia), Mihir Rakshit (2002). The East Asian Currency Crisis. (New York, NY: Oxford University Press, 288 p.). Currency question--East Asia; Financial crises--East Asia.

(Asia), Sea-Jin Chang (2003). Financial Crisis and Transformation of Korean Business Groups: The Rise and Fall of Chaebols. (New York, NY: Cambridge University Press, 364 p.). Corporations--Korea (South)--Finance; Conglomerate corporations--Korea (South); Financial crises--Korea (South); Corporate governance--Korea (South). 

(Asia), Shalendra D. Sharma (2003). The Asian Financial Crisis: Crisis, Reform and Recovery. (New York, NY: Manchester Uiversity Press, 400 p.). Financial crises Asia; Asia Economic conditions 1945-; Asia Economic policy.

(Asia), Jang-Sup Shin and Ha-Joon Chang (2003). Restructuring Korea Inc. (New York, NY: RoutledgeCurzon, 155 p.). Conglomerate corporations--Korea (South); Big business--Korea (South); Financial crises--Korea (South); Industrial policy--Korea (South). Strengths, weaknesses of 'Korea Inc.' in comparison with other East Asian countries; challenges faced by Korea in 1990s due to acceleration of globalization; transition attempted by Korea badly conceived, ill designed (huge 'transition costs').

(Asia), Ian Brown (2004). A Colonial Economy in Crisis: Burma’s Rice Delta and the World Depression of the 1930s. (New York, NY: RoutledgeCurzon. Rice trade--Burma--History; Rice trade--Government policy--Burma--History; Financial crises--Burma--History; Peasantry--Burma--Political activity--History; Burma--Economic conditions. Author argues that rural populations which abandoned self-sufficiency to become single commodity producers, and were supposedly very vulnerable to the commodity price collapse of the 1930s Depression, did not suffer as much as has been supposed.

(Asia), Wong Sook Ching, Jomo K.S., Chin Kok Fay (2005). Malaysian "Bail Outs"?: Capital Controls, Restructuring, and Recovery. (Singapore: University of Hawaii Press, 320 p.). Malaysia economic conditions 1997-98; Malaysia--economic policy; Malaysia--government policy. Economic policy issues in Malaysia and the region. Asian crisis and government policy responses; capital controls, corporate, bank, debt restructuring. 

(Asia), David B.H. Denoon (2007). The Economic and Strategic Rise of China and India: Asian Realignments After the 1997 Financial Crisis. (New York, NY: Palgrave Macmillan, 228 p.). Professor of Politics and Economics (New York University). Financial crises--Asia; China--Economic policy--1976-2000; China--Economic policy--2000-; India--Economic policy--1991-; Asia--Foreign economic relations--United States; United States--Foreign economic relations--Asia. Why 1997 financial crisis was such critical turning point, ended up stimulating trade and investment within Asia.

(Bank Indonesia), J. Soedradjad Djiwandono (2005). Bank Indonesia and the Crisis: An Insider's View. (Singapore: Institute of Southeast Asian Studies, 289 p.). Bank Indonesia; Banks and banking, Central--Indonesia; Financial crises--Indonesia; Structural adjustment (Economic policy)--Indonesia; Economic stabilization--Indonesia.

(Mexico), eds. Sebastian Edwards and Moisés Naím (1997). Mexico 1994: Anatomy of an Emerging-Market Crash. (Washington, DC: Carnegie Endowment for International Peace, 326 p.). Financial crises--Mexico; Monetary policy--Mexico; Devaluation of currency--Mexico; Mexico--Economic policy--1994-; Mexico--Economic conditions--1994-.

(U.S. - 1914), William L. Silber (2007). When Washington Shut Down Wall Street: The Great Financial Crisis of 1914 and the Origins of America’s Monetary Supremacy. (Princeton, NJ: Princeton University Press, 232 p.). Marcus Nadler Professor of Finance and Economics at the Stern School of Business (New York University). McAdoo, William Gibbs, 1863-1941; Currency crises--United States--Case studies; Currency question; World War, 1914-1918--Finance; Gold standard. Monetary crisis at outbreak of World War I threatened U. S. with financial disaster; biggest gold outflow in a generation imperiled America's ability to repay debts abroad; dollar plummeted on world markets due to fear that U. S. would abandon gold standard.

(U.S. - 2008), Edward M. Gramlich with a foreword by Robert D. Reischauer (2007). Subprime Mortgages: America’s Latest Boom and Bust. (Washington, DC: Urban Institute Press, 120 p.). Former Federal Reserve Governor. Mortgage loans--United States; Real estate finance. How subprime market (loans at low interest rates, for little or no money down to low-income people pursuing American dream of homeownership) emerged, why it is in crisis, how to reform public policy to avert disaster.

(U.S. - 2008), Charles R. Morris (2008). The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash. (New York, NY: PublicAffairs, 224 p.). Capital market--United States; Finance--United States; Financial crises--United States. Gross excess has put world economy on brink; most reckless financial environment in recent history- arcane credit derivative bets in the trillions, astronomical leverage at investment banks, hedge funds, private equity firms, disruption in global markets; quarter century of free-markets will come crashing down; what new landscape will look like.

(U.S. - 2008), Kevin Phillips (2008). Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism. (New York, NY: Viking, 256 p.). Political, Economic Commentator. United States--Economic conditions--20th century; United States--Economic conditions--2001- ;United States--Economic policy--20th century; United States--Economic policy--2001-. "Bad money" - U.S. capitalism pointed toward global crisis; consequences of misguided economic policies, mounting debt, collapsing housing market, threatened oil, end of American domination of world markets; parallels to decline of previous leading world economic powers (Dutch, British); global overreach, worn-out politics, excessive debt, exhausted energy regimes - signals that United States is crumbling as world superpower.

(Venezuela), Ruth de Krivoy (2002). Colapso: La Crisis Bancaria Venezolana de 1994. (Washington, DC: Group of Thirty, 323 p.). Bank failures--Venezuela--History--20th century; Financial crises--Venezuela--History--20th century.

Eds. Joshua Aizenman, Brian Pinto (2005). Managing Economic Volatility and Crises: A Practitioner’s Guide. (New York, NY: Cambridge University Press, 595 p.). Professor of Economics (University of California, Santa Cruz); Lead Economist in the Economic Policy Department, Poverty Reduction and Economic Management Network (World Bank). Business cycles; Financial crises; Economic development. Economic volatility as a primary phenomenon in business cycle.

Franklin Allen, Douglas Gale (2007). Understanding Financial Crises. (Oxford, UK: Oxford University Press, 303 p.). Nippon Life Professor of Finance and Professor of Economics at the Wharton School (University of Pennsylvania); Julius Silver Professor of Economics (New York University). Financial crises. History of financial crises, guide through existing theoretical, empirical literature; modern theory of intermediation, asset markets, causes of asset price volatility, interaction of banks, markets.

Stefan Altorfer, Benedikt Koehler, Mark Duckenfield (2006). History of Financial Disasters 1763-1995. (London, UK: Pickering & Chatto, 1200 p.). Economic History Department (London School of Economics). Financial disasters; financial crises; economic history. Volume 1: 1763-1840s, edited by Stefan Altorfer (European Financial Crisis of 1763; European Crisis of 1772-3; Assignat Inflation during the French Revolution, 1789-97; Crisis of The Second Bank of the United States, 1818-19; London Crisis of 1825; Panic in the US of 1837; Railway Mania in the 1840s); Volume 2: 1850-1925, edited by Benedikt Koehler (Ohio Life Crisis of 1857; Overend & Gurney, 1867-9; New York's Black Friday of 1869; Vienna Crash of 1873; Crisis of 1907 that spawned the Federal Reserve Bank; German Hyperinflation of the 1920s); Volume 3: 1929-1995, edited by Mark Duckenfield (New York Stock Exchange Crash of 1929; European Collapse and World Depression of 1931; Devaluation of Sterling in 1967; US Stock Market Crash of 1987; Black Wednesday, 1992; Mexican Peso Crisis, 1994). Key economic and financial turning points that have shaped the western world.

Douglas W. Arner (2007). Financial Stability, Economic Growth, and the Role of Law. (New York, NY: Cambridge University Press, 382 p.). Associate Professor at the Faculty of Law (University of Hong Kong). Financial crises; Economic development; Finance--Law and legislation. International,  domestic responses to financial crises over past twenty years;  role of law , institutions in financial stability, financial development.

Jennifer A. Amyx (2004). Japan's Financial Crisis: Institutional Rigidity and Reluctant Change. (Princeton, NJ: Princeton University Press. Finance--Japan; Financial crises--Japan; Banks and banking--Japan. 

Dominic Barton, Roberto Newell, Gregory Wilson (2003). Dangerous Markets: Managing in Financial Crises. (New York, NY: Wiley, 300 p.). Consultants (McKinsey). Crisis management; Financial crises.

Bill Bonner and Addison Wiggin (2005). Empire of Debt: The Rise and Fall of an Epic Financial Crisis. (Hoboken, NJ: Wiley, 370 p.) President and CEO of Agora Inc. (financial newsletters); Editorial Director and Publisher of the Daily Reckoning. Financial crises--United States; Debt--United States; United States--Economic conditions--2001-. Seismic shift in the politics and economy of the United States in less than 100 years.

Eds. Gerard Caprio, James A. Hanson, Robert E. Litan (2005). Financial Crises: Lessons from the Past, Preparation for the Future. (Washington, DC: Brookings Institution Press, 291 p.). Director of the Operations Policy Department in the World Bank's Financial Sector; Senior Adviser to the World Bank's Financial Sector Operations and Policy Department; Senior Fellow in Economic Studies at the Brookings Institution. Financial crises; International finance; Monetary policy; Economic policy. Lessons from attempts to recover from crises of recent history.

Guillermo A. Calvo (2005). Emerging Capital Markets in Turmoil: Bad Luck or Bad Policy. (Cambridge, MA: MIT Press, 552 p.). Distinguished University Professor and the Director of the Center for International Economics (University of Maryland). Financial crises; Capital market; Financial crises--Developing countries. Limitations and vulnerabilities of emerging market economies (Mexico in 1994-5, East Asia in 1997, Russia in 1998, Argentina in 2001). 

Charles Albert Colman (1968). Our Mysterious Panics, 1830-1930; A Story of Events and the Men Involved. (Westport, CT: Greenwood Press, 310 p. [prig. pub. 1931]). Financial crises; Depressions--1929.

Frank Griffith Dawson (1990). The First Latin American Debt Crisis: The City of London and the 1822-25 Loan Bubble. (New Haven, CT: Yale University Press, 281 p.). Loans, British--Latin America--History--19th century; Loans, Foreign--Latin America--History--19th century. 

Barry Eichengreen (2002). Financial Crises: And What To Do about Them. (New York, NY: Oxford University Press, 194 p.). International finance; Financial crises--Developing countries; Financial crises--Prevention

F.T. Hane (1985). Financial Crisis: Causes and Solutions. (New York, NY: Praeger, 187 p.). International finance; Loans, Foreign; Business cycles; Monetary policy--United States; United States--Economic conditions--1981-.

Philip T. Hoffman, Gilles Postel-Vinay and Jean-Laurent Rosenthal (2007). Surviving Large Losses: Financial Crises, the Middle Class, and the Development of Capital Markets. (Boston, MA: Harvard University Press, 272 p.). Richard and Barbara Rosenberg Professor of History and Social Science (California Institute of Technology); Director of Studies (École des Hautes Études en Sciences Sociales); Professor of Economics (California Institute of Technology). Financial crises; Middle class; Capital market; Economic policy. Why financial crises occur, why their effects last so long, what political, economic conditions can help rich, poor countries survive, even prosper, in the aftermath.

Eds. Chris Jochnick & Fraser A. Preston (2005). Sovereign Debt at the Crossroads: Challenges and Proposals for Resolving the Third World Debt Crisis. (New York, NY: Oxford University Press, 352 p.). Debts, External--Developing countries; Debt relief--Developing countries. Problems raised by debt,  practical approaches to overcoming them. 

Clement Juglar; translated and edited with an introduction and brought down from 1889 to date by DeCourcy W. Thom (1989). A Brief History of Panics and Their Periodical Occurrence in the United States. (Fairfield, NJ: A. M. Kelley, 189 p. [3rd ed.; orig. pub. 1916]). Business cycles--United States--History; United States--Economic conditions.

Laurence H. Kallen (1991). Corporate Welfare: The Megabankruptcies of the 80s and 90s. (New York, NY: Carol Pub. Group, 484 p.). Bankruptcy--United States; Corporate reorganizations--United States; Corporations--Corrupt practices--United States.

eds. Charles P. Kindleberger and Jean-Pierre Laffargue (1982). Financial Crises: Theory, History, and Policy. (New York, NY: Cambridge University Press, 301 p.). Depressions--Congresses; Business cycles--Congresses; Lenders of last resort; Financial crises--Congresses.

ed. Paul Krugman (1992). Currencies and Crises. (Cambridge, MA: MIT Press, 219 p.). Ford International Professor of Economics (MIT). Currency question--History--20th century; Foreign exchange--History--20th century; Financial crises--History--20th century. A collection of 10 papers presented at a conference held in February 1998.

Charles R. Morris (1999). Money, Greed, and Risk: Why Financial Crises and Crashes Happen. (New York, NY: Times Business, 297 p.). Financial crises -- United States -- History; Stock exchanges -- United States -- History; International finance.

Ed. Justin Robertson (2008). Power and Politics After Financial Crises: Rethinking Foreign Opportunism in Emerging Markets. (New York, NY: Palgrave Macmillan, 272 p.). Assistant Professor in the Department of Asian and International Studies (City University of Hong Kong, China). Financial crises--Developing countries--Case studies; Investments, Foreign--Developing countries--Case studies. Interpretations of interaction between international, domestic forces after crises; extent to which foreign firms, governments, institutions liberalized, penetrated these economies.

Adam Smith (1981). Paper Money. (New York, NY: Summit Books, 335 p.). Organization of Petroleum Exporting Countries; Inflation (Finance).; International finance; Economic history--1971-1990.

Federico Sturzenegger, Jeromin Zettelmeyer (2007). Debt Defaults and Lessons from a Decade of Crises. (Cambridge, MA: MIT Press, 360 p.). Professor (Universidad Torcuato di Tella, Buenos Aires); Assistant to the Director of the Western Hemisphere Department (International Monetary Fund). Debts, External--Developing countries; Debt relief--Developing countries; Developing countries--Economic policy. Facts, economic theory, policy implications of sovereign debt crises; detailed case histories of default, debt crises in seven emerging market countries between 1998 and 2005.

Barry E. Supple (1959). Commercial Crisis and Change in England, 1600-1642; A Study in the Instability of a Mercantile Economy (New York, NY: Cambridge University Press, 296 p.).

Elmus Wicker (1996). The Banking Panics of the Great Depression. (New York, NY: Cambridge University Press, 174 p.). Banks and banking--United States--History--20th century; Bank failures--United States--History--20th century; Financial crises--United States--History--20th century; Depressions--1929--United States; United States--Economic conditions--1918-1945. Series: Studies in monetary and financial history.

--- (2000). Banking Panics of the Gilded Age. (New York, NY: Cambridge University Press, 160 p.). Banks and banking--United States--History; Bank failures--United States--History; Financial crises--United States--History.