Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/125823
Authors: 
Fratianni, Michele
Giri, Federico
Year of Publication: 
2015
Series/Report no.: 
FinMaP-Working Paper 51
Abstract: 
The great depression of 1929 and the great financial crisis of 2008 have been the two big events of the last 75 years. Not only have they produced serious economic consequences but they also changed our view of economics and policymaking. The aim of this work is to compare these two great crises and highlight similarities as well as differences. Monetary policy, the exchange rate system and the role of the banks are our fields of investigation. Our findings are that two big events have more similarities than dissimilarities.
Subjects: 
Great Depression
Great Financial Crisis
gold standard
Eurozone
money multiplier
shadow banking
JEL: 
E5
E31
E42
G21
Document Type: 
Working Paper
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