The current economic crisis is a complex social phenomenon, several aspects of which go beyond national borders and also cross traditional academic disciplinary boundaries. While initial academic commentary in media has typically been grounded within finance or economics disciplinary boundaries,...

No doubt, the international financial crisis that started in the United States of America will cast its effects on all countries of the world, developed and developing. Yet these effects vary from one country to another for several reasons. The GCC countries would not escape these negative...

This paper presents an overview of different models which explain financial crises, with the aim of understanding economic developments during and possibly after the Great Recession. In the first part approaches based on efficient markets and rational expectations hypotheses are analyzed, which...

This paper examines the causes and consequences of the current global financial crisis. It largely relies on the work of Hyman Minsky, although analyses by John Kenneth Galbraith and Thorstein Veblen of the causes of the 1930s collapse are used to show similarities between the two crises. K.W....

This paper examines the causes and consequences of the current global financial crisis. It largely relies on the work of Hyman Minsky, although analyses by John Kenneth Galbraith and Thorstein Veblen of the causes of the 1930s collapse are used to show similarities between the two crises. K.W....

This paper creates a simple model to describe the relationships between, banks, mortgage agencies, mortgage arrangers, and aspiring home owners. Using this model, the author illustrates how slight changes in real estate appreciation assumptions would reverberate through the collateralized debt...

This paper concerns a stock jobbing scandal involving the French Company of the Indies on the eve of the French Revolution. Speculative trading in the company's shares on the Paris stock market triggered a credit crisis that brought down the king's chief minister, Calonne, and ushered in the...

Financial panics appear as the reactions to a fear of capital losses that cause a dumping of assets by investors and the collapse of a financial institution or market. Where social psychologist Gustave Le Bon (1995 [1895]) in his theory of crowd psychology argued that a distinct and distinctly...

This paper summarizes and compares the events associated with two financial crises separated by 100 years, occurring in 1907 and 2007-2009. The dynamics of both crises have much in common. The commonalities inform and enrich the theories and research on the dynamics of financial crises. And they...