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The World Financial Crisis

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  • F. Gerard Adams

Abstract

The world financial crisis of 2008 is a consequence of new financial technologies, new accounting methods and new international linkages. These developments have come at a time when governments have returned to an old-fashioned freemarket philosophy. This paper links the systemic financial/economic crisis of 2008 to the new economy developments, globalisation and policy philosophy perspectives of recent decades. It raises the question of how to re-establish confidence once traditional thinking has been questioned.

Suggested Citation

  • F. Gerard Adams, 2009. "The World Financial Crisis," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 10(1), pages 45-58, January.
  • Handle: RePEc:wej:wldecn:366
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    File URL: http://www.world-economics-journal.com/Contents/ArticleOverview.aspx?ID=366
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    Cited by:

    1. Friedrich Schneider & Gebhard Kirchgässner, 2009. "Financial and world economic crisis: What did economists contribute?," Public Choice, Springer, vol. 140(3), pages 319-327, September.

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