A Primer on Financial System Meltdown. The Economists' View
Abstract
Ideologues are quick to explain the current financial meltdown: it's the markets, stupid. Economists agree but add: it's politics too, stupid. Ideologues agree but counter: first and foremost it's capitalism, stupid. Economists agree but reply: §$%&?!, stupid. This is where this short paper takes us: it makes an attempt to give a brief overview of the economists' views on the ongoing financial system crisis explaining "§$%&?!, stupid".Download Info
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Paper provided by WIFO in its series WIFO Working Papers with number 333.Length: 16 pages
Date of creation: 01 Dec 2008
Date of revision:
Handle: RePEc:wfo:wpaper:y:2008:i:333
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Related research
Keywords: financial system crisis; systemic risk; macroeconomic stability; financial regulation;This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-01-03 (All new papers)
- NEP-HPE-2009-01-03 (History & Philosophy of Economics)
- NEP-REG-2009-01-03 (Regulation)
- NEP-RMG-2009-01-03 (Risk Management)
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Costa Cabral, Nazare, 2010.
"Breve guia temático e bibliográfico sobre o estudo da actual crise financeira e económica
[Short thematic guide to the study of current financial and economic crisis]," MPRA Paper 20743, University Library of Munich, Germany.
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