Criza economică – un fenomen previzibil

The economic crisis - a predictable phenomenon

Alexandru Asavoaei

MPRA Paper from University Library of Munich, Germany

Abstract: The main aim of this paper is to emphasize the fact that the economic crisis are common phenomena. We aim to prove that these phenomena are not so unpredictable and surprising as some economists claim nowadays. We are trying to identify and disclose the pattern of a typical period of economic recession. Hence, we focused our analysis on several of the most significant depressions in the economic history, trying to find the similarities between them, but also to point out their specific elements. The purpose of this paper is to show that the main causes of different crises are, more or less, identical, and therefore such phenomena could and should be anticipated more accurately in the future

Keywords: economic crises; recession; speculative bubble; manias; irrational behavior; overconfidence; economic cycle; financial markets (search for similar items in EconPapers)
JEL-codes: D53 E3 N20 (search for similar items in EconPapers)
Date: 2012-07-18
New Economics Papers: this item is included in nep-hpe
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:40145

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