Содержание
- 2. Introduction The collapse of the Bretton Woods exchange-rate system in the early 1970s occured in tandem
- 3. Introduction A policy experiment with deregulation at the national level went hand in hand with collective
- 4. Introduction In the 1980s, crises in Latin American markets sent shock waves through the entire system.
- 5. Globalization and the late-2000s financial crisis The frequency and severity of financial crises during the last
- 6. Globalization and the late-2000s financial crisis Speculative episodes- where asset prices skyrocket before crashing when the
- 7. Globalization and the late-2000s financial crisis This increases the potential for speculative asset bubbles to emerge
- 8. Globalization and the late-2000s financial crisis Capital mobility also makes it easy for investors to pull
- 9. Globalization and the late-2000s financial crisis Financial crisis: the examples of two small states: Iceland and
- 10. Globalization and the late-2000s financial crisis Furthermore, international capital mobility enabled the unbalanced expansion of the
- 11. Globalization and the late-2000s financial crisis The global financial crisis of 2008-09 emerged from the US
- 12. Globalization and the late-2000s financial crisis From 2003 onwards, a subprime mortgage bubble in the USA
- 13. Globalization and the late-2000s financial crisis A CDO is a type of financial instrument that pays
- 14. Globalization and the late-2000s financial crisis After the end of the dotcome internet bubble in 2000,
- 15. Globalization and the late-2000s financial crisis Rather than screening subprime borrowers rigorously for credit risk, mortgage
- 16. Globalization and the late-2000s financial crisis Defaults. This led to problems in CDOs. The subprime mortgage
- 17. Globalization and the late-2000s financial crisis The collapse of the Lehman Brothers is widely recognized as
- 18. The consequences of the global financial crisis The effects of the global financial crisis on the
- 19. The consequences of the global financial crisis For emerging market economies in Asia, Sub-Saharan Africa, Middle
- 20. The consequences of the global financial crisis Governments around the world responded to the onset of
- 21. The consequences of the global financial crisis To combat the severe economic downturn governments adopted aggressive
- 22. Restoring financial stability in an age of austerity Who is to blame for the crisis? Banks?
- 23. Restoring financial stability in an age of austerity. The scale of the private sector financial crisis
- 24. Restoring financial stability in an age of austerity. Austerity: cutting public expenditures (in order to reduce
- 25. Restoring financial stability in an age of austerity. It is important to underline that the financial
- 26. Restoring financial stability in an age of austerity. The idea that running budget deficits in a
- 27. Restoring financial stability in an age of austerity From 2010 onwards, austerity deepened in Eurozone countries
- 28. Restoring financial stability in an age of austerity The 2008-09 economic fallout led to 3 crises:
- 29. Restoring financial stability in an age of austerity Consequently, not much could be done to reform
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