A Retrospective on the Great Recession: Causes, Effects and Prospects

Inachos Lazos

Chapter 1 in A Financial Crisis Manual, 2015, pp 11-23 from Palgrave Macmillan

Abstract: Abstract The term crisis is missing from the title of this analysis on purpose, as it is, in all likelihood, among the most abused terms used to describe global and domestic economic developments since the US subprime and the Lehman collapse. This in as far as it denotes an ephemeral phenomenon, a temporary deviation from the norm to which conditions are expected to revert. In turn, while it is universally hoped that economies do return to a path to prosperity, the sequence of events that has shaken the world since 2007 is much more accurately described as continuous, deterministic and evolutionary, rather than accidental and discrete break-downs of limited time span. The lessons and implications should also be interpreted under this light.

Keywords: Monetary Policy; Central Bank; Euro Area; Hedge Fund; Great Recession (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:pmschp:978-1-137-44830-9_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137448309

DOI: 10.1057/9781137448309_2

Access Statistics for this chapter

More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().