Since 2014
Dalla crisi finanziaria alla crisi reale. ( Financial and real crisis)
Moneta e Credito
View Archive Info| Field | Value | |
| Title |
Dalla crisi finanziaria alla crisi reale. ( Financial and real crisis)
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| Creator |
D'Adda, Carlo
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| Subject |
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Cultura economica, Crisi finanziaria, Regole E44, G01, G10 |
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| Description |
The financial crisis of 2008 is put in relation with two bubbles, financial and housing. Easy credit is at the origin of both bubbles. Risky bonds were issued to mobilize mortgages originated in the housing market, and bad bonds entered a fantastic number of institutional and private portfolios all over the world without any perception of the their risk. Unfortunately, bank credit to speculators was abundant and fed the final growth of the bubbles. When fears started to spread, the fall was immediate and expectations impaired very rapidly. The main aggregate demand components were severely curtailed and production fell as well. This is the crisis of the real economy. Fortunately, as opposed to what happened in 1929, the interventions of central banks and governments have been of an unprecedented size. The bail out of insolvent banks in particular has been providential. The exit from the current crisis, however, will surely be slow.
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| Publisher |
Associazione Economia civile
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| Contributor |
—
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| Date |
2010-03-23
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Articolo peer-review |
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| Format |
application/pdf
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| Identifier |
http://ojs.uniroma1.it/index.php/monetaecredito/article/view/9529
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| Source |
Moneta e Credito; Vol 63, N° 249 (2010)
Moneta e Credito; Vol 63, N° 249 (2010) 2037-3651 |
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| Language |
ita
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| Relation |
http://ojs.uniroma1.it/index.php/monetaecredito/article/view/9529/9424
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| Rights |
Copyright (c) 2016 Carlo D'Adda
http://creativecommons.org/licenses/by-nc-nd/4.0 |
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