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États-Unis,“soupe primitive” de la crise financière
[The United-States : "primitive soup" of the financial turmoil]

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  • Brack, Estelle

Abstract

It is likely that such a crisis could not be born somewhere else only in the United States. The "current financial disaster" is the fruit of the combination of specific factors in the US, where elements were gathered to catalyse such a crisis, like, someway, some "primal soup" where were combined all the ingredients favorable to the emergence of the life on our planet (Brack A ., 1998). The conjunction of these factors was made worse as these last ones were contagious because of the globalization.

Suggested Citation

  • Brack, Estelle, 2009. "États-Unis,“soupe primitive” de la crise financière [The United-States : "primitive soup" of the financial turmoil]," MPRA Paper 23480, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:23480
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    References listed on IDEAS

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    1. Olivier Blanchard & John Simon, 2001. "The Long and Large Decline in U.S. Output Volatility," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 32(1), pages 135-174.
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    3. Wall, Larry D. & Eisenbeis, Robert A. & Frame, W. Scott, 2005. "Resolving large financial intermediaries: Banks versus housing enterprises," Journal of Financial Stability, Elsevier, vol. 1(3), pages 386-425, April.
    4. Mr. Ashok Vir Bhatia, 2007. "New Landscape, New Challenges: Structural Change and Regulation in the U.S. Financial Sector," IMF Working Papers 2007/195, International Monetary Fund.
    5. Randall S. Kroszner, 2007. "Recent innovations in credit markets: a speech to the 2007 Credit Markets Symposium at the Charlotte Branch of the Federal Reserve Bank of Richmond, Charlotte, North Carolina, March 22, 2007," Speech 270, Board of Governors of the Federal Reserve System (U.S.).
    6. Glaeser, Edward L. & Gyourko, Joseph & Saiz, Albert, 2008. "Housing supply and housing bubbles," Journal of Urban Economics, Elsevier, vol. 64(2), pages 198-217, September.
    7. William F. Bassett & Egon Zakrajšek, 2003. "Recent developments in business lending by commercial banks," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), vol. 89(Dec), pages 477-492, December.
    8. Andrew Kuritzkes & Til Schuermann & Scott M. Weiner, 2002. "Risk Measurement, Risk Management and Capital Adequacy in Financial Conglomerates," Center for Financial Institutions Working Papers 03-02, Wharton School Center for Financial Institutions, University of Pennsylvania.
    9. Nicholas Barberis & Ming Huang & Tano Santos, 2001. "Prospect Theory and Asset Prices," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 116(1), pages 1-53.
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    Cited by:

    1. Brack, Estelle & Saidane, Dhafer, 2010. "Qu’attend-on de la finance mondiale après la crise ? Les quatre commandements oubliés [What do we expect form global finance after the crisis? The four forgotten Commandments]," MPRA Paper 23472, University Library of Munich, Germany.
    2. Jimborean, Ramona & Brack, Estelle, 2010. "The cost-efficiency of French banks," MPRA Paper 23471, University Library of Munich, Germany.

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    More about this item

    Keywords

    Financial crisis; United States;

    JEL classification:

    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G01 - Financial Economics - - General - - - Financial Crises

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