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The paper discusses the trajectories of the Greek public deficit and sovereign debt over the last three decades and its connection to the political and economic environment of the same period. We pay special attention to the causality between the public and the foreign deficit. We argue that...
Persistent link: https://www.econbiz.de/10010685291
. -- Economic crisis; gender ; employer of last resort ; unemployment ; poverty ; policy objectives; development ; fiscal and … monetary policy in development; agricultural policies; female employment in textiles and crisis ; agriculture and food security …
Persistent link: https://www.econbiz.de/10003859880
The enormity and pervasiveness of the global economic crisis that began in 2008 makes it relevant to analyze the … trigger a similar crisis. The first of these concerns relates to the deregulated financial institutions and the growing … the presence of uncertainty. The paper dwells on an account of the pattern of the financial crisis and its spread in the …
Persistent link: https://www.econbiz.de/10008664024
Regulatory forbearance and government financial support for the largest U.S. financial companies during the crisis of …
Persistent link: https://www.econbiz.de/10003975091
Senior Scholar James K. Galbraith argues the fundamental illusion of viewing the US economy through the free-market prism of deregulation, privatization, and a benevolent government operating mainly through monetary stabilization - the prevailing view among economists over the past three...
Persistent link: https://www.econbiz.de/10003985698
factor in critical global developments that led to the crisis of 2007–09, and considers the future role of the dollar as the … global economy emerges from that crisis. It is argued that the dollar is likely to retain its hegemonic status for a few more … monetary order ; global financial crisis …
Persistent link: https://www.econbiz.de/10003943131
While most economists agree that the world is facing the worst economic crisis since the Great Depression, there is … financial system evolved from hedge to speculative and, finally, to a Ponzi scheme. The policy response to the financial crisis … fundamental modifications. -- Institutional investors ; financial crisis ; financialization ; money managers ; financial …
Persistent link: https://www.econbiz.de/10003943150
In this paper, I first quickly recount the causes and consequences of the global financial crisis (GFC). Of course, the … triggering event was the unfolding of the subprime crisis; however, I argue that the financial system was already so fragile that …. Briefly, these include: (a) the GFC was not a liquidity crisis, (b) underwriting matters, (c) unregulated and unsupervised …
Persistent link: https://www.econbiz.de/10009269229
of a financial crisis followed by a move to fiscal austerity. Then, I return to the earlier model and add three more …
Persistent link: https://www.econbiz.de/10010555924
Over the past 40 years, regulatory reforms have been undertaken on the assumption that markets are efficient and self-corrective, crises are random events that are unpreventable, the purpose of an economic system is to grow, and economic growth necessarily improves well-being. This narrow...
Persistent link: https://www.econbiz.de/10008692982