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The Greatest Financial Crises And The Economic Theories

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  • Aurelia Ioana Logojan

    (Eximbank)

Abstract

The financial crisis erupted in 2007 caused disruptions on the others markets and then was followed by economic recession. This article present the explanations provided by economic theories about the main consequences of the greatest financial crises on the economy, form XIX century till today. The conclusion of the paper is that the main changes in the economic theory should be about the role of human and a more ethical view of economy.

Suggested Citation

  • Aurelia Ioana Logojan, 2009. "The Greatest Financial Crises And The Economic Theories," Romanian Economic Business Review, Romanian-American University, vol. 4(3), pages 7-16, September.
    • Handle: RePEc:rau:journl:v:4:y:2009:i:3:p:7-16
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    File URL: http://www.rebe.rau.ro/RePEc/rau/journl/FA09/REBE-FA09-A1.pdf
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    References listed on IDEAS

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    1. Timothy J. Kehoe & Edward C. Prescott, 2007. "Great depressions of the twentieth century," Monograph, Federal Reserve Bank of Minneapolis, number 2007gdott.
    2. Mr. Heiko Hesse & Nathaniel Frank & Ms. Brenda Gonzalez-Hermosillo, 2008. "Transmission of Liquidity Shocks: Evidence from the 2007 Subprime Crisis," IMF Working Papers 2008/200, International Monetary Fund.
    3. Alan H. Gleason, 1959. "Foster and Catchings: A Reappraisal," Journal of Political Economy, University of Chicago Press, vol. 67(2), pages 156-156.
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    Cited by:

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    2. Abdul Aziz Khan Niazi & Suleman Aziz Lodhi & Abdul Basit & Tehmina Fiaz Qazi, 2020. "Tacit Knowledge Sharing Model For Banks: Remedial Measure Of Likelihood Of Default," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 9(1), pages 32-50, March.

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