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Teorii privind crizele economice ale sistemului capitalist
[Theories on Economic Crises in Capitalism]

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  • Susanu, CG

Abstract

Last decades have been the most turbulent in international monetary history in terms of the number, extent and severity of the economic and financial crises. There were more speculative bubbles in the period 1980-2000 than in any previous period, and Japan and Latin American countries experienced the worse of them in the late 1980s. Sometimes crises were triggered by the concerns regarding borrowers’ excessive indebtedness and sometimes they occurred sequentially in a very short time period. Some of the crises involved the bankruptcy of several banks; others were related to the lack of confidence in a country’s ability to maintain its currency parity, and others were the result of the burst of a speculative bubble, such as real estate or financial bubbles. Therefore, in the present global economic context the analysis of theories on economic and financial crises is justified by the attempt to deepen the understanding of the triggering causes and evolution of the crises in a capitalist economic system.

Suggested Citation

  • Susanu, CG, 2012. "Teorii privind crizele economice ale sistemului capitalist [Theories on Economic Crises in Capitalism]," MPRA Paper 39820, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:39820
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    References listed on IDEAS

    as
    1. Victor Zarnowitz, 1992. "Business Cycles: Theory, History, Indicators, and Forecasting," NBER Books, National Bureau of Economic Research, Inc, number zarn92-1, July.
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    More about this item

    Keywords

    capitalist system; economic crisis; economic cycle;
    All these keywords.

    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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