Introduction

Arestis, Philip; Sobreira, Rogério; Oreiro, José Luís

doi:10.1057/9780230303942_1

Cited by 2 publications

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“…A number of scholars agree in considering the recent financial crisis one of the most severe economic crises in postwar economic history (Economic crisis in Europe … 2009; Arestis et al 2011;Helleiner 2011). Far from being limited to the instabilities of some of the world's largest private financial institutions, as it appeared to be at the early stages, the financial crisis gradually turned into a global economic crisis.…”

Section: Effects Of the Global Economic Crisis In 2007 On Alpine Regionsmentioning

confidence: 99%

Towards more resilient economies in Alpine regions

Brozzi¹,

Lapuh²,

Nared

et al. 2015

AGS

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The economic crisis the world has faced since 2007 has had devastating effects on many regions to various degrees. How regions respond to economic shock depends on regional economic structure and performance, administrative capacity, resources, human capital, social capital, and other factors, and is perceived as resilience: the ability of a regional economy to withstand, absorb, or overcome an external economic stress. Because one of the future strategic goals for the Alpine Space Programme area is fostering its resilience, we studied the performance of Alpine regions in the pre- and post-crisis period in order to assess the effects of the economic crisis and to provide basic directions on how to make the Alps more resilient in the future. The results have revealed differences among three selected groups of regions as well as some country-specific characteristics of the regional response that can generally be seen in the weaker performance of some Italian and Slovenian regions.

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Section: Effects Of the Global Economic Crisis In 2007 On Alpine Regionsmentioning

confidence: 99%

Towards more resilient economies in Alpine regions

Brozzi¹,

Lapuh²,

Nared

et al. 2015

AGS

View full text Add to dashboard Cite

show abstract

Unraveling the Subprime Crisis

Li¹

2023

BCPBM

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This paper investigates the importance of studying the financial crisis in 2008, especially under current situation of COVID-19 and Ukraine Conflict. The three primary factors that contributed to the financial crisis in 2008 were the Fed's monetary policy, the credit default swaps, the crisis of subprime mortgage crisis. The Fed’s monetary policy was loosen and then the subprime mortgages were induced, which in turn caused the credit default swaps lending to the collapse of the financial system worldwide. There were several severe consequences caused by the financial crisis, including the sharp fall in GDP of both developed and developing countries, breakdown of banks, especially the collapse of Lehman Brothers, decrease in unemployment and the rise of household risk. In order to recover from this crisis, several changes has been proposed, implemented and revised, including the Dobb-Frank Act and Basel III. Overall, the importance of studying and understanding the financial crisis has been addressed effectively in this article in order to better the existing financial system and learn from history.

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Introduction

Cited by 2 publications

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Towards more resilient economies in Alpine regions

Towards more resilient economies in Alpine regions

Unraveling the Subprime Crisis

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