The Greatest Financial Crises And The Economic Theories
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.
Volume (Year): 4 (2009)
Issue (Month): 3 (September)
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- Timothy J. Kehoe & Edward C. Prescott, 2002.
"Great Depressions of the Twentieth Century,"
Review of Economic Dynamics,
Elsevier for the Society for Economic Dynamics, vol. 5(1), pages 1-18, January.
- Timothy Kehoe & Edward Prescott, 2002. "Data Appendix to Great Depressions of the Twentieth Century," Technical Appendices kehoe02, Review of Economic Dynamics.
- Heiko Hesse & Nathaniel Frank & Brenda GonzÃ¡lez-Hermosillo, 2008. "Transmission of Liquidity Shocks; Evidence From the 2007 Subprime Crisis," IMF Working Papers 08/200, International Monetary Fund.
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