Financial crisis: causes and consequences

In the author's opinion, the origin of the economic recession taking place in most countries resides in the house price crashes happened in the USA's and UK's housing markets. The financial crisis has been caused by many factors, which are analysed here. Some ways of how to manage the crisis are presented too.

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Year of publication:	2010
Authors:	Phelps, E.
Published in:	Journal "Region: Economics and Sociology". - Institute of Economics and Industrial Engineering of Siberian Branch of RAS. - Vol. 2.2010
Publisher:	Institute of Economics and Industrial Engineering of Siberian Branch of RAS
Subject:	economic recession \| financial crisis \| housing market \| employment \| banks \| credit \| demand \| capital

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008587724