Financial Crisis and Economic Recession
Huerta de Soto Jesus
Additional contact information
Huerta de Soto Jesus: Universidad Rey Juan Carlos, Madrid
Revista OEconomica, 2011, issue 01
Abstract:
The logic of the historical evolution of the wrong institutional design that affects the financial and monetary system of the so called free market economies up to day is somehow easy to understand: bubbles did continue, financial crisis and economic recessions were not avoided, the bail out of banks was regularly demanded, the lender of last resort was created precisely to bail out the banks.
Keywords: state; market; central banking; fractional reserve banking; fiduciary media; economic crisis (search for similar items in EconPapers)
JEL-codes: B13 H11 H20 O10 (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:
Downloads: (external link)
http://oeconomica.org.ro/abstract/284/Financial-Cr ... nomic-Recession.html (text/html)
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:oen:econom:y:2011:i:01:id:284
Access Statistics for this article
More articles in Revista OEconomica from Romanian Society for Economic Science, Revista OEconomica Contact information at EDIRC.
Bibliographic data for series maintained by Octavian Jora ().