EconPapers    
Economics at your fingertips  
 

La crisi finanziaria globale 2008-2009

Carlo D’adda ()
Additional contact information
Carlo D’adda: Dipartimento di Scienze Economiche, Universita' degli Studi di Bologna

Rivista Internazionale di Scienze Sociali, 2009, vol. 117, issue 1, 125-134

Abstract: This article addresses the origins and development of the present financial and real economic? crisis (2008-2009). It is shown how abundant liquidity and easy credit in the US housing market inflated world financial markets with credit-based bonds whose risk was largely underestimated. When the real risk of these bonds was correctly perceived it was too late. Unprecedented levels of insolvency ravaged the US and to some extent also the EU and Asian economies. Stock markets were much damaged all over the world. The way the real economy is hit by a generalized stock market fall is investigated, as is the related malfunctioning of the banking system. Problems regarding ultimate responsibility for the crisis and the necessary changes to be introduced into financial market regulation are also touched upon. Finally the likely conclusion of the crisis and prospects for the world economy in the coming years are considered.

Keywords: ABS; CDS; crisis; financial crisis; global crisis; MBS; stock markets; vehicle (search for similar items in EconPapers)
JEL-codes: E32 E44 E65 G14 (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
http://riss.vitaepensiero.it/scheda-articolo_digit ... 001_0124-150934.html (text/html)
Yes

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:vep:journl:y:2009:v:117:i:1:p:125-134

Access Statistics for this article

Rivista Internazionale di Scienze Sociali is currently edited by Maurizio Baussola

More articles in Rivista Internazionale di Scienze Sociali from Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore
Bibliographic data for series maintained by Vep - Vita e Pensiero ().

 
Page updated 2025-03-20
Handle: RePEc:vep:journl:y:2009:v:117:i:1:p:125-134