Sub Prime Crisis: Old and New Lessons

Natasa Spes, Sebastjan Strasek and Timotej Jagric
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Timotej Jagric: Faculty of Economic and Business, University of Maribor, Slovenia

Annals - Economy Series, 2009, vol. 1, 263-270

Abstract: Using generation approach we examine the genesis and mechanisms in major financial crisis and focus on the recent sub – prime crisis. We believe that in the era of increased financial globalization a reliable approach has to consider besides fundamental factors multiple equilibriums and self – fulfilling character of financial crises. In recent global crisis again financial globalization implemented in periods of high international capital mobility have reputedly produced international banking crises. Progressing integration and increasing sophistication of the product and financial markets brought new forms and more global character of the crises events in the recent sub – prime crisis.

Keywords: financial crisis; sub-prime crisis; financial globalization; international capital; financial market (search for similar items in EconPapers)
JEL-codes: E2 E4 E6 O11 R11 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2009:v:1:p:263-270

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