This book investigates the causes, mechanisms, and consequences of major financial crises from 1929 to the present day. Sara Hsu, drawing on her expertise in international economics, synthesizes theoretical and empirical evidence to explain the fundamental drivers of financial instability. The volume meticulously examines key crises in the United States and globally, providing a detailed historical and analytical account of each event. It aims to offer a comprehensive understanding of the recurring patterns and systemic issues that lead to financial meltdowns.

The book is structured to provide a comprehensive synthesis of financial crises, offering both theoretical underpinnings and empirical case studies. Its approach suggests a detailed examination of historical events, aiming to educate readers on the complexities of financial instability. The inclusion of both U.S. and international crises indicates a broad scope, likely appealing to students, academics, and professionals in economics and finance. The second edition implies an updated perspective, potentially incorporating more recent events and analyses.