Crisis prevention is never an easy task and past experiences tell us that great turbulences may come in many different forms. As for the present global crisis, its inception was a mixture of errors of economic policy, of greed on the part many creditors and borrowers across the world and of inadequate financial supervision from many agencies. This paper tries to pinpoint the roots of the crisis but it goes beyond that, for there is always an aftermath of the shock that has profound effects in the world economic fabric, effects which have to be pondered over to understand the range of the meltdown and the huge problems that lie ahead.
|Date of creation:||Dec 2010|
|Date of revision:|
|Publication status:||Published in Aestimatio. 1 (2010): pp. 1-16|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Douglas W. Elmendorf & N. Gregory Mankiw, 1998.
NBER Working Papers
6470, National Bureau of Economic Research, Inc.
- Elmendorf, Douglas W. & Mankiw, N, 1999. "Government Debt," Scholarly Articles 2643866, Harvard University Department of Economics.
- Douglas W. Elmendorf & N. Gregory Mankiw, 1998. "Government debt," Finance and Economics Discussion Series 1998-09, Board of Governors of the Federal Reserve System (U.S.).
- Douglas W. Elmendorf & N. Gregory Mankiw, 1998. "Government Debt," Harvard Institute of Economic Research Working Papers 1820, Harvard - Institute of Economic Research.
- Reinhart, Carmen M. & Rogoff, Kenneth S., 2010.
"Growth in a Time of Debt,"
11129154, Harvard University Department of Economics.
- Hyman P. Minsky, 1992. "The Financial Instability Hypothesis," Economics Working Paper Archive wp_74, Levy Economics Institute.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:35879. 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: (Joachim Winter)
If references are entirely missing, you can add them using this form.