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The Increasing Virulence of Man-Made Crises: Financial Crises and Global Instability

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  • Sara Hsu

Abstract

In this article, we examine financial crises after the Bretton Woods period using a new virulence index. After summarizing financial crises after Bretton Woods, we analyze aspects of four separate crises in a virulence index. The index includes measures of contagion, as well as impacts on economic, financial and social indicators. We find that financial crises have increased in virulence over time.

Suggested Citation

  • Sara Hsu, 2012. "The Increasing Virulence of Man-Made Crises: Financial Crises and Global Instability," Journal of Economic Issues, Taylor & Francis Journals, vol. 46(2), pages 491-498.
    • Handle: RePEc:mes:jeciss:v:46:y:2012:i:2:p:491-498
    DOI: 10.2753/JEI0021-3624460224
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    Cited by:

    1. Christian E. Weller & Ghazal Zulfiqar, 2013. "Financial Market Diversity and Macroeconomic Stability," Working Papers wp332, Political Economy Research Institute, University of Massachusetts at Amherst.
    2. Shaukat Ansari, 2022. "Cash Transfers, International Finance and Neoliberal Debt Relations: The Case of Post‐apartheid South Africa," Development and Change, International Institute of Social Studies, vol. 53(3), pages 551-575, May.

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