In this note, we attempt to place the question of how we got to the global financial crisis that began as the US Subprime debacle in the summer of 2007 in the context of an international and historical comparative setting. It is of some poignancy that the “we” here refers to the wealthiest...

Following the US financial crisis of 2006-2007, the global economy suffered from negative spillover effects of it since fall 2008. In this study, the effects of global financial crsis on Turkish economy (2008-2010) and the macroeconomic performance of the Turkish government (before and) during...

In this short paper, it is mainly argued that the current global economic crisis (2006-2011) consists not only of the US financial crisis of 2006-2007 which has been globalized since fall 2008. The world economy has also been hit by the Eurozone sovereign debt crisis, rising energy prices, two...

On the 18th and 19th of June 2012, the leaders of the G20 countries will meet in Los Cabos, Mexico, to discuss a variety of current and long-term problems contained in the agenda of 2012 which was determined with respect to the objectives and conclusions of the previous summits. In this study,...

The widespread banking crises since 2007 among advanced economies and the “near” default of Greece in 2010 dashed the popular notion that rich countries have outgrown severe financial crises. Record or near-record declines in output accompanying these events signaled the end of the...