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Five Years After The Intense Phase Of The Crisis:Does The Situation Look Stable?

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  • M. Ershov

Abstract

The fall of 2013 marked 5 years since Lehman Brothers went broke — the event, which gave rise to the intense phase of the recent financial crisis. The regulators had to use unprecedented measures to support and stabilize their economies. Even today they are forced to do large-scale and long-term, often super-long (for 30—40 years) money creation; they keep interest rates at minimum (often below inflation) and sometimes announce the level of rates in advance. The growth rates, however, remain low, previous problems are not eliminated and new riks become more tangible. Is durable long-term growth possible in such environment?

Suggested Citation

  • M. Ershov, 2013. "Five Years After The Intense Phase Of The Crisis:Does The Situation Look Stable?," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 12.
    • Handle: RePEc:nos:voprec:y:2013:id:596
    DOI: 10.32609/0042-8736-2013-12-29-47
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