The Great Financial Crisis of 2007: A study into the causes.
(2010) EKHK02 20101Department of Economic History
- Abstract
- The aim of this investigation is to explain the Financial Crisis of 2007 that started in the U.S and quickly spread globally, thru a comparative case study analysis. Explanations looking into New classical, New Marxists and Post Keynesians ideas, as well as relevant theories about bubbles and instability will be interpreted in a qualitative way. The investigation suggests among other things that since the deregulation of the 1980’s the financial system has become too large, too fragile and hence easily exposed to a crisis. It also recognizes the difficulties with the role of central banking, global imbalances, financial profits, the belief in efficient markets and the rise of shadow banks to name a few. The importance of knowing what... (More)
- The aim of this investigation is to explain the Financial Crisis of 2007 that started in the U.S and quickly spread globally, thru a comparative case study analysis. Explanations looking into New classical, New Marxists and Post Keynesians ideas, as well as relevant theories about bubbles and instability will be interpreted in a qualitative way. The investigation suggests among other things that since the deregulation of the 1980’s the financial system has become too large, too fragile and hence easily exposed to a crisis. It also recognizes the difficulties with the role of central banking, global imbalances, financial profits, the belief in efficient markets and the rise of shadow banks to name a few. The importance of knowing what happened is therefore key for further analysis and future policy recommendations. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/1612152
- author
- Meza Cordoba, Roberto LU
- supervisor
- organization
- course
- EKHK02 20101
- year
- 2010
- type
- M2 - Bachelor Degree
- subject
- keywords
- Bubbles, shadow banking, financialization, instability, subprime, securitization.
- language
- English
- id
- 1612152
- date added to LUP
- 2010-06-11 12:43:41
- date last changed
- 2010-06-11 12:43:41
@misc{1612152, abstract = {{The aim of this investigation is to explain the Financial Crisis of 2007 that started in the U.S and quickly spread globally, thru a comparative case study analysis. Explanations looking into New classical, New Marxists and Post Keynesians ideas, as well as relevant theories about bubbles and instability will be interpreted in a qualitative way. The investigation suggests among other things that since the deregulation of the 1980’s the financial system has become too large, too fragile and hence easily exposed to a crisis. It also recognizes the difficulties with the role of central banking, global imbalances, financial profits, the belief in efficient markets and the rise of shadow banks to name a few. The importance of knowing what happened is therefore key for further analysis and future policy recommendations.}}, author = {{Meza Cordoba, Roberto}}, language = {{eng}}, note = {{Student Paper}}, title = {{The Great Financial Crisis of 2007: A study into the causes.}}, year = {{2010}}, }