The Financial Market Crisis of 2008 and the Euro Crisis of 2011

Dimitri Speck

Chapter Chapter 24 in The Gold Cartel, 2013, pp 131-139 from Palgrave Macmillan

Abstract: Abstract Many people were surprised that gold didn’t rise during the most severe stages of the financial market crisis of 2008, but actually fell between March 2008 and year end. After all, the complete collapse of the financial system loomed. The consequences would have been grave for the real economy as well. There was not only the threat that one would one day stand in front of an ATM which no longer released any money, but also that deposits in accounts would evaporate, that the payment system would no longer work and that, in the end, the finely spun latticework of our economy would have been rendered asunder.

Keywords: Central Bank; Euro Area; Government Bond; Physical Market; Currency Union (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-28643-7_24

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DOI: 10.1057/9781137286437_24

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