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Financial crisis: causes and consequences

Author

Listed:
  • E. Phelps (esp2@columbia.edu )

Abstract

In the author's opinion, the origin of the economic recession taking place in most countries resides in the house price crashes happened in the USA's and UK's housing markets. The financial crisis has been caused by many factors, which are analysed here. Some ways of how to manage the crisis are presented too.

Suggested Citation

  • E. Phelps (esp2@columbia.edu ), 2010. "Financial crisis: causes and consequences," Journal "Region: Economics and Sociology", Institute of Economics and Industrial Engineering of Siberian Branch of RAS, vol. 2.
  • Handle: RePEc:nos:regioe:2010-2_3
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    Cited by:

    1. Warwick J. McKibbin & Andrew B. Stoeckel & YingYing Lu, 2014. "Global Fiscal Adjustment and Trade Rebalancing," The World Economy, Wiley Blackwell, vol. 37(7), pages 892-922, July.

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