2011
DOI: 10.1017/cbo9780511984495
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A Global History of the Financial Crash of 2007–10

Abstract: We have just experienced the worst financial crash the world has seen since the Great Depression of the 1930s. While real economies in general did not crash as they did in the 1930s, the financial parts of the economy certainly did, or, at least, came very close to doing so. Hundreds of banks in the United States and Europe have been closed by their supervisory authorities, forcibly merged with stronger partners, nationalized or recapitalized with the tax payers' money. Banks and insurance companies had, by mi… Show more

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Cited by 14 publications
(4 citation statements)
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“…12 Coyle 2014Stiglitz, Fitoussi andDurand 2018. 13 Garnaut andSmith 2009;Lybeck 2011. The OECD is a club of 36 mainly developed economies including Australia that undertakes shared research to enhance economic performance and social welfare.…”
Section: Growth and The Business Cyclementioning
confidence: 99%
“…12 Coyle 2014Stiglitz, Fitoussi andDurand 2018. 13 Garnaut andSmith 2009;Lybeck 2011. The OECD is a club of 36 mainly developed economies including Australia that undertakes shared research to enhance economic performance and social welfare.…”
Section: Growth and The Business Cyclementioning
confidence: 99%
“…In the USA US$11 trillion in household wealth and 8 million jobs were lost as the economy hit an annualized rate of decline in GDP of 6.2% in the last quarter of 2008 2 . In 2009, the USA GDP fell by 2.4 percent in 2009 and the UK GDP fell by 4.9 percent (LYBECK, 2011).…”
Section: Thus First What Currency War Is In Fact? 2 the Internationmentioning
confidence: 99%
“…60. Framstillingen som følger, bygger hovedsakelig på Lybeck, 2011og Tooze, 2018. Svakere vestlige økonomier som Ukraina, Ungarn og Latvia ble derimot rammet langt hardere.…”
Section: Krisehåndteringens Fordelingseffekterunclassified