The Aftermath

Requeijo, Jaime (2010): The Aftermath. Published in: Aestimatio. No. 1 (December 2010): pp. 1-16.

Abstract

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Meltdown, Sovereign debt, Financial regulation, Financial capitalism
• Subjects: G - Financial Economics > G0 - General > G01 - Financial Crises

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