TY - JOUR
T1 - The Telecoms Boom and Bust 1996-2003 and the Role of Financial Markets
AU - Fransman, Martin
N1 - This book is available from the University of Edinburgh Library, 2nd floor, reference HE7631 Fra.
PY - 2004/10/1
Y1 - 2004/10/1
N2 - Financial crises are still as much a part of the modern, information-and-communication-technology-based (ICT) economy as they were of previous economies. Why are we apparently unable to learn lessons from the past and avoid what Charles Kindleberger (2000) has called “manias, panics and crashes”? Why is it that our sophisticated stock of information, made readily and relatively cheaply available to us by our investment in ICTs, and our abundant theories and models, have not allowed us to steer clear of these financial excesses? The aim of this paper is to highlight some of the processes and mechanisms that have played a significant role in causing the Telecoms Boom and Bust, 1996-2003. The question of whether anything can be done about these processes and mechanisms in order to try and modify such financial excesses in the future is taken up in the conclusion. Copyright Springer-Verlag Berlin/Heidelberg 2004
AB - Financial crises are still as much a part of the modern, information-and-communication-technology-based (ICT) economy as they were of previous economies. Why are we apparently unable to learn lessons from the past and avoid what Charles Kindleberger (2000) has called “manias, panics and crashes”? Why is it that our sophisticated stock of information, made readily and relatively cheaply available to us by our investment in ICTs, and our abundant theories and models, have not allowed us to steer clear of these financial excesses? The aim of this paper is to highlight some of the processes and mechanisms that have played a significant role in causing the Telecoms Boom and Bust, 1996-2003. The question of whether anything can be done about these processes and mechanisms in order to try and modify such financial excesses in the future is taken up in the conclusion. Copyright Springer-Verlag Berlin/Heidelberg 2004
U2 - 10.1007/s00191-004-0196-x
DO - 10.1007/s00191-004-0196-x
M3 - Article
VL - 14
JO - Journal of Evolutionary Economics
JF - Journal of Evolutionary Economics
SN - 0936-9937
IS - 4
ER -