Artikel

Financial crises in comparative perspective: Crisis management and its phenomenon of repetition/return

zu Verbundenen Objekten

Crises cause attentiveness in our society and awaken, depending on the degree of consternation, our ongoing interest. These events include financial crises, phenomenal incidents that shock the economic world and pose significant challenges for the governments. Two crises which stand out in this context are the Great Depression in 1929 and the financial crisis in 2007/2008. In addition to the comparative approach, the paper focuses directly on the typical repetitive mechanism ("recurrent pattern of banking and sovereign debt crises" (Reinhart & Rogoff, 2011): overheating, the forming of a bubble and the bursting of the bubble, largely started in the USA. Specific aspects included in this research area are crisis management in the decades mentioned above, the role of governments and banks, as well as the observation as to which crisis can be expected next. We can conclude that the current monetary systems led by complex financial instruments and addicted to low interest rates are prone to deliver another serious financial crisis.

Sprache
Englisch

Erschienen in
Journal: Naše gospodarstvo / Our Economy ; ISSN: 2385-8052 ; Volume: 66 ; Year: 2020 ; Issue: 1 ; Pages: 65-77

Klassifikation
Wirtschaft
International Financial Markets
General Financial Markets: Government Policy and Regulation
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
Thema
financial crises
comparison of crises
crisis management
government measures
future inevitability

Ereignis
Geistige Schöpfung
(wer)
Zemla, Sebastian
Ereignis
Veröffentlichung
(wer)
Sciendo
(wo)
Warsaw
(wann)
2020

DOI
doi:10.2478/ngoe-2020-0006
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Zemla, Sebastian
  • Sciendo

Entstanden

  • 2020

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