THE FINANCIAL LEVIATHAN

Tiberiu Brailean () and Plopeanu Aurelian ()
Additional contact information
Tiberiu Brailean: “Alexandru Ioan Cuza” University Faculty of Economics and Business Administration (FEAA), Iasi, Romania

The Annals of the "Stefan cel Mare" University of Suceava. Fascicle of The Faculty of Economics and Public Administration, 2009, vol. 9, issue Special, 88-93

Abstract: The U.S. mortgage and the subprime loans melt down has produced a real estate recession. The american real estate crisis started an irrational fear towards financial markets. The global financial system has became vulnerable and fragile, also the financial errors decided to be global and to be spread all over the world in a contageous effect. The economic depression is the result of the lack of liquidity and the crisis affects the banking sector, but also the extrabanking activity. The domino principle strikes again and again. The financial institutions can’t answer promptly to these new issues, their agenda isn’t upgraded with the new global financial innovations, so they are unstabled and unsecured. The speed and complexity of these financial new terms and instruments are becoming structural problems and may provoke unbeatable crisis. The financial Leviathan proves that the monetarism orthodoxy is overfulfilled and so it creates financial currency blocks in full global world.

Keywords: subprime loan; domino principle; markets; equilibrium; monetarism (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.seap.usv.ro/annals/arhiva/ANNALS%20VOL. ... ,2009%20fulltext.pdf (application/pdf)

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:scm:ausvfe:v:9:y:2009:i:special:p:88-93

Access Statistics for this article

The Annals of the "Stefan cel Mare" University of Suceava. Fascicle of The Faculty of Economics and Public Administration is currently edited by Editura Universitatii Stefan cel Mare din Suceava

More articles in The Annals of the "Stefan cel Mare" University of Suceava. Fascicle of The Faculty of Economics and Public Administration from "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration Contact information at EDIRC.
Bibliographic data for series maintained by Liviu Scutariu ().