crisis struck the country. It had been the worst crisis ever experienced by a small country from the late 20th century … froze. The paper provides a comprehensive analysis of the macroeconomic, banking and financial background of the crisis. It … depth of financial crisis is attributed to the recent decade of unadjusted monetary policy which failed to prevent sharp …

the existing paradigm ledto increased instability in the economic system, which led to a crisis. …The paper analyses some of the challenges that economic sciences face during theglobal crisis. Ideologically, the … crisis caused a fierce debate between the adherents of theultraliberal theory regarding Adam Smith‘s ‘invisible hand‘ and the …

The subprime crisis raised some fundamental questions about the usefulness of mainstream economics. This paper … consequences of the crisis. It demonstrates that the major problem was the assumption that the future could be modelled in terms of …

“Most people would say that Europe is still sort of coming out of the financial crisis that we had 5 years ago, which …), where the current crisis began. He argues that the crisis of 2007-2008 was not as devastating as is commonly believed, and … - more importantly – claims that the Fed’s policy during the crisis, based on lessons learn from the Great Depression, not …

The Financial Crisis of 2007-2008 and the Great Recession of 2007-2009 are now in the past. Again there was the debt … crisis of 2010-11. During the worst of the recent financial crisis/Great Recession many observers made comparisons between …

This article addresses the origins and development of the present financial and real economic? crisis (2008-2009). It … related malfunctioning of the banking system. Problems regarding ultimate responsibility for the crisis and the necessary … changes to be introduced into financial market regulation are also touched upon. Finally the likely conclusion of the crisis …

Mill on the crisis of 1825 This article studies the crisis which, in 1825, affected the English economy and the works … the organization of the English banking system played, if not in the origin at least in the development of the crisis, a … remarkable role. Mill, on the contrary, thinks that the crisis is the effect of over-trading and that it would have developed as …