Red Star Spangled Banner Scrutinizing the Root Causes of Financial Crisis

Arbeitspapier

In this article we inquire into the root causes of the present financial crisis by drawing on a Heckscher-Ohlin-Samuelson trade model. At the origin of the current crisis are global imbalances originating from distortions in relative prices. Due to impasses in international production, financial repression in countries that seek to suppress real appreciation has resulted in excessive capital-intensive production and an expansion of financial service sectors in flexible market economies. Moreover, financial globalization has been a vehicle for exporting real appreciation pressures from catching-up economies to mature economies, thus aggravating global imbalances.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Working Papers on Global Financial Markets ; No. 5

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Investment; Capital; Intangible Capital; Capacity ; Financial Markets and the Macroeconomy ; Neoclassical Models of Trade ; Financial Aspects of Economic Integration ; Open Economy Macroeconomics
• Thema: Financial Crisis ; Financial Repression ; Heckscher-Ohlin-Samuelson Model

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Fahrholz, Christian ; Kern, Andreas
• Ereignis: Veröffentlichung
• (wer): Graduiertenkolleg 'Konstitutionelle Grundlagen globalisierter Finanzmärkte - Stabilität und Wandel'
• (wo): Jena und Halle (Saale)
• (wann): 2009

Weitere Informationen

• Handle: http://hdl.handle.net/10419/94460
• URN: urn:nbn:de:gbv:27-20100727-131455-5
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ