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 …