Institutional and Behavior Foundations of Crisis and Bankruptcy

Kamen Kamenov

Economic Thought journal, 2009, issue 4, 3-23

Abstract: The problems concerning the financial and economic crisis are multifaceted. The focus on the institutional and behavioral foundations of crisis and bankruptcy reveals another aspect – of the behavior of the human factor and the psychological reasons for emerging of crisis situations. The behavior of the market subjects throughout the crisis is not less significant for coming out of it and for setting up a sustainable market. The analysis of the flexible crisis network as the last obstacle before the bankruptcy justifies the search of new forms of market behavior, matching up the available conditions.

JEL-codes: G33 J24 L16 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econth:y:2009:i:4:p:3-23

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