From the Great Depression to the current crisis: more than analogy, genealogy

Luca Fantacci ()
Additional contact information
Luca Fantacci: Università Bocconi - Dipartimento di Analisi delle Politiche e Management Pubblico

History of Economic Ideas, 2014, vol. 22, issue 3, 23-46

Abstract: This paper investigates the ties that link the Great Depression to the current crisis through the channel of liquidity. The main objective is not to compare the conjunctures that make crises happen, but to highlight the structures that make crises possible. Liquidity is shown to be the distinctive feature, the elusiveness of which has made both the strength and the fragility of monetary and financial systems over the past century. The brief conclusion hints at several ways in which international liquidity could be reduced to stem the flux of financial crises.

Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.libraweb.net/articoli.php?chiave=201406103&rivista=61
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hid:journl:v:22:y:2014:3:2:p:23-46

Access Statistics for this article

History of Economic Ideas is currently edited by Riccardo Faucci, Nicola Giocoli, Roberto Marchionatti

More articles in History of Economic Ideas from Fabrizio Serra Editore, Pisa - Roma
Bibliographic data for series maintained by Mario Aldo Cedrini ().