IDEAS home Printed from https://ideas.repec.org/a/taf/apeclt/v18y2011i3p279-283.html
   My bibliography  Save this article

The current international financial crisis in 10 questions: some lessons

Author

Listed:
  • Fredj Jawadi
  • Mohamed Hedi Arouri

Abstract

This article aims to explore the most important sources and implications of the current international financial downturn, while analyzing and discussing a recently published book on finance by Professor Michel Aglietta, written in 2008, in which the author expands on the sources of the current international financial crisis and suggests several possible solutions. In particular, while analyzing Aglietta's answers to 10 questions, we examine, firstly, the most important microeconomic sources (i.e. governance problems, market imperfections, audit and new international financial reporting standard limitations) and macroeconomic explanations (i.e. the impact of the Asian crisis and the development of emerging models) for the current financial downturn. We then investigate the most notable features and characteristics of the current crisis. Finally, we identify the most widely expected economic, social, political and geopolitical outcomes of the present market turmoil and explain what we expect the financial world to look like once the crisis is over.

Suggested Citation

  • Fredj Jawadi & Mohamed Hedi Arouri, 2011. "The current international financial crisis in 10 questions: some lessons," Applied Economics Letters, Taylor & Francis Journals, vol. 18(3), pages 279-283.
  • Handle: RePEc:taf:apeclt:v:18:y:2011:i:3:p:279-283
    DOI: 10.1080/13504851003614104
    as

    Download full text from publisher

    File URL: http://www.informaworld.com/openurl?genre=article&doi=10.1080/13504851003614104&magic=repec&7C&7C8674ECAB8BB840C6AD35DC6213A474B5
    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. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "Is the 2007 U.S. Sub-Prime Financial Crisis So Different? An International Historical Comparison," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 56(3), pages 291-299, September.

    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:taf:apeclt:v:18:y:2011:i:3:p:279-283. 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). General contact details of provider: http://www.tandfonline.com/RAEL20 .

    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.