IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/49787.html
   My bibliography  Save this paper

The Evolution of the Financial Crisis

Author

Listed:
  • Cantillo, Andres

Abstract

Munkirs’ notions of Centralized Private Sector Planning and its derivations are very useful in order to give an alternative explanation to the most recent economic crisis. The crisis is the result of the clashes between the old CPSP and a new one based on recently created technology and financial companies. The old CPSP tried to defend itself by prompting the government to lower the interest rates at the beginning of the 2000s. However, these policies did not solve the institutional tensions. Competition for financing and markets between the old and new CPSP degenerated in financial deregulations and economic policies that ultimately led to the financial crisis. Evidence of the resultant mergers and changes in economic power by key companies in the CPSP is provided.

Suggested Citation

  • Cantillo, Andres, 2009. "The Evolution of the Financial Crisis," MPRA Paper 49787, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:49787
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/49787/1/MPRA_paper_49787.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Evolutionary; Evolutionary Economics; Neo Institutional; Interest Rates; Industrial Organization and Macroeconomics: Industrial Structure and Structural Change; Industrial Price indices.;
    All these keywords.

    JEL classification:

    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure

    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:pra:mprapa:49787. See general information about how to correct material in RePEc.

    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 bibliographic 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.