A Primer on Financial System Meltdown. The Economists' View

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".

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Year of publication:	2008
Authors:	Hahn, Franz R.
Publisher:	Vienna : Austrian Institute of Economic Research (WIFO)
Subject:	Finanzkrise \| Internationaler Finanzmarkt \| Wirtschaftswachstum \| Wirkungsanalyse \| Finanzmarktregulierung \| Regulierung \| financial system crisis \| systemic risk \| macroeconomic stability \| financial regulation

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Series:	WIFO Working Papers ; 333
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	605208417 [GVK] hdl:10419/128879 [Handle] RePEc:wfo:wpaper:y:2008:i:333 [RePEc]
Source:	EconStor

Persistent link: https://www.econbiz.de/10011435258