IDEAS home Printed from https://ideas.repec.org/a/mes/challe/v51y2008i4p23-54.html
   My bibliography  Save this article

The First-World Debt Crisis of 2007-2010 in Global Perspective

Author

Listed:
  • Robert Wade

Abstract

We do not yet know how bad the current credit crisis will get. But we do know that policies in rich nations, dominated by the United States, were often the opposite of corrective. As the author writes in this incisive review of the events that led to the crisis, while boom times rolled on, the cost of credit fell, generating pro-cyclical momentum that made matters worse. A new regulatory apparatus is needed, he argues, one that is more aggressive than is currently being discussed.

Suggested Citation

  • Robert Wade, 2008. "The First-World Debt Crisis of 2007-2010 in Global Perspective," Challenge, Taylor & Francis Journals, vol. 51(4), pages 23-54.
  • Handle: RePEc:mes:challe:v:51:y:2008:i:4:p:23-54
    DOI: 10.2753/0577-5132510402
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2753/0577-5132510402
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Alberto BUCCI & Simone MARSIGLIO, 2016. "Financial Development and Economic Growth: Long Run Equilibrium and Transitional Dynamics," Departmental Working Papers 2016-16, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    2. Alex Izurieta, 2009. "Forum 2009," Development and Change, International Institute of Social Studies, vol. 40(6), pages 1153-1190, November.
    3. Banu Esra Aslanertik, 2010. "Fair Value Considerations during the Current Financial Crisis," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 1(1), pages 99-109, March.
    4. Ernesto Screpanti, 2010. "La grande crisi e l’imperialismo globale," Department of Economics University of Siena 590, Department of Economics, University of Siena.
    5. Virginie Mamadouh & Luiza Bialasiewicz & Alun Jones & Julian Clark, 2016. "Contemporary Geopolitical Positionings of Iceland Towards ‘Europe’ and the Nordic States," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 107(2), pages 147-161, April.
    6. Ana Cristina Fernandes & Andreas Novy, 2010. "Reflections on the Unique Response of Brazil to the Financial Crisis and its Urban Impact," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 34(4), pages 952-966, December.
    7. Luci Ellis, 2010. "The Housing Meltdown: Why Did It Happen in the United States?," International Real Estate Review, Asian Real Estate Society, vol. 13(3), pages 351-394.
    8. Gkanoutas-Leventis, Angelos & Nesvetailova, Anastasia, 2015. "Financialisation, oil and the Great Recession," Energy Policy, Elsevier, vol. 86(C), pages 891-902.
    9. Antoniades, Andreas, 2013. "Recasting the Power Politics of Debt: Structural Power, Hegemonic Stabilisers and Change," MPRA Paper 47015, University Library of Munich, Germany.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:challe:v:51:y:2008:i:4:p:23-54. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Longhurst) or (Rebekah McClure). General contact details of provider: http://www.tandfonline.com/MCHA20 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.