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Bad Government as a Reason of Recent Financial Crisis in Europe

Author

Listed:
  • Maryam Jafary Galooyek
  • Zaleha Mohd Noor
  • Ehsan Rajabi

Abstract

In spite of emphasizing on a market by economic liberalism, most experts believe that market failure caused the deepest global crisis after Great Depression (1929) to happen. Although we cannot ignore the importance to the role of attendance of government to the economy, we believe that sometimes governments are the reason behind the problems in economic situation. Factors like the lack of political integration between European governments and cooperation of national government, the absence of mighty government to make decision and policy and undisciplined financial plans, as well as, loss of proper rules and low, which are occasions of bad government.

Suggested Citation

  • Maryam Jafary Galooyek & Zaleha Mohd Noor & Ehsan Rajabi, 2014. "Bad Government as a Reason of Recent Financial Crisis in Europe," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 20-31.
    • Handle: RePEc:ers:journl:v:xvii:y:2014:i:2:p:20-31
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    References listed on IDEAS

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    Cited by:

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    2. repec:ers:journl:v:xx:y:2017:i:3a:p:538-553 is not listed on IDEAS
    3. Piotr Nowaczyk & Joanna Hernik, 2020. "Adopting the Euro will Cause an Increase in Prices: A Study on Inflationary Processes in Euro Area Member States," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 377-403.
    4. Andrei V. Vlasov, 2017. "Pension System as a Demographic Recession Factor," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 443-452.

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    Keywords

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    JEL classification:

    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G01 - Financial Economics - - General - - - Financial Crises
    • N93 - Economic History - - Regional and Urban History - - - Europe: Pre-1913

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