Criza economică – un fenomen previzibil
[The economic crisis - a predictable phenomenon]
The main aim of this paper is to emphasize the fact that the economic crisis are common phenomena. We aim to prove that these phenomena are not so unpredictable and surprising as some economists claim nowadays. We are trying to identify and disclose the pattern of a typical period of economic recession. Hence, we focused our analysis on several of the most significant depressions in the economic history, trying to find the similarities between them, but also to point out their specific elements. The purpose of this paper is to show that the main causes of different crises are, more or less, identical, and therefore such phenomena could and should be anticipated more accurately in the future
|Date of creation:||18 Jul 2012|
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- Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "This Time Is Different: Eight Centuries of Financial Folly," Economics Books, Princeton University Press, edition 1, volume 1, number 8973.
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