THE ECONOMIC DOWNTURN OF THE 21ST CENTURY

被引：0

作者：

Ilie, Livia ^{[1
]}

Horobet, Alexandra ^{[1
]}

Ilie, Adrian ^{[1
]}

机构：

[1] Univ Lucian Blaga Sibiu, Sibiu, Romania

来源：

INDUSTRIAL REVOLUTIONS, FROM THE GLOBALIZATION AND POST-GLOBALIZATION PERSPECTIVE, VOL IV: BANKING, ACCOUNTING AND FINANCIAL SYSTEMS FROM THE 21ST CENTURY PERSPECTIVE | 2009年

关键词：

recession; the Great Depression; market cycles; financial system;

D O I：

暂无

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Markets are cyclical. There are reasons for which markets are going up, and reasons for which markets are going down. The current financial crisis that is turning into a worldwide recession is often compared to the Great Depression. And for good reasons. There are similar causes. And there are similar steps undertaken by governors. But lessons were not enough learned. The solutions undertaken to stop the Great Depression had as effect a prolonged depression. This paper aims to present the events that lead to the actual economic downturn, and to make an overview of the market cycles as well as to present a short summary of the Great Depression, with its causes and solutions, to better understand the similarities with what world economy is facing at this beginning of the third millennia.

引用

页码：350 / 355

页数：6