Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/59313
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dc.contributor.authorEvans, Trevoren_US
dc.date.accessioned2012-06-21en_US
dc.date.accessioned2012-06-22T11:33:42Z-
dc.date.available2012-06-22T11:33:42Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/59313-
dc.description.abstractThis paper first briefly outlines the background to the 2007-08 international financial crisis. It then goes on to examine five of the main approaches that have been put forward to explain the crisis: the widespread presence of perverse incentives; the over-expansionary monetary policy of the US Federal Reserve; the impact of global imbalances and a so-called 'savings glut' in developing countries; the extensive deregulation of the financial system since the 1970s; and the attempt to generate an increasing return on all forms of capital and the associated pressure on wages. The paper concludes with a brief note on the policy implications which follow from each of these explanations.en_US
dc.language.isoengen_US
dc.publisher|aInst. for International Political Economy |cBerlinen_US
dc.relation.ispartofseries|aWorking Paper, Institute for International Political Economy Berlin |x08/2010en_US
dc.subject.ddc330en_US
dc.titleFive explanations for the international financial crisisen_US
dc.typeWorking Paperen_US
dc.identifier.ppn718084454en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:ipewps:082010-

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