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The Great Financial Crisis of 2007: A study into the causes.

Meza Cordoba, Roberto LU (2010) EKHK02 20101
Department 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)
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author
Meza Cordoba, Roberto LU
supervisor
organization
course
EKHK02 20101
year
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},
  keyword      = {Bubbles,shadow banking,financialization,instability,subprime,securitization.},
  language     = {eng},
  note         = {Student Paper},
  title        = {The Great Financial Crisis of 2007: A study into the causes.},
  year         = {2010},
}