This book presents to the reader the 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 since the 1600s in chronological order. 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. The first part of the book discusses the crisis models in order to allow the reader to better understand the financial, fiscal and economic crises that are detailed in the following chapters. Each chapter starts with an overview of the crisis in question followed by an analysis of the impact on the affected countries. They go on to highlight the causes of the crisis in question, the fiscal and financial measures employed to recover from it and ends on a description of the post-crisis period. Given the profusion of black swan events that the 21st century has already witnessed, this book would be a valuable read for academics and students of economics as well as practitioners and policy makers.

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 PhD degree from Dokuz Eylul University Department of Public Finance. Her PhD 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. Afterwards, 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. She has published books, articles and papers on foreign direct investments, economic growth, panel econometrics, experimental economics and game theory. She is currently working at the Department of Public Finance and Financial Management at Izmir Katip Çelebi University/Turkey. In addition, Açikgöz teaches at the Department of International Trade and Finance at Izmir University of Economics/Turkey and the Department of Economics at University of Life Sciences in Poznan (Uniwersytet Przyrodniczy w Poznaniu)/Poland.