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Hahn, Franz R.
Year of Publication: 
Series/Report no.: 
WIFO Working Papers 333
Ideologues are quick to explain the current financial meltdown: it's the markets, stupid. Economists agree but add: it's politics too, stupid. Ideologues agree but counter: first and foremost it's capitalism, stupid. Economists agree but reply: §$%&?!, stupid. This is where this short paper takes us: it makes an attempt to give a brief overview of the economists' views on the ongoing financial system crisis explaining "§$%&?!, stupid".
financial system crisis
systemic risk
macroeconomic stability
financial regulation
Document Type: 
Working Paper

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