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The Financial Leviathan

Author

Listed:
  • Tiberiu BRAILEAN

    (“Alexandru Ioan Cuza” University Faculty of Economics and Business Administration (FEAA), Iasi, Romania)

  • Aurelian Petrus PLOPEANU

    (“Alexandru Ioan Cuza” University Faculty of Economics and Business Administration (FEAA), Iasi, Romania)

Abstract

The U.S. mortgage and the subprime loans melt down has produced a real estate recession. The american real estate crisis started an irrational fear towards financial markets. The global financial system has became vulnerable and fragile, also the financial errors decided to be global and to be spread all over the world in a contageous effect. The economic depression is the result of the lack of liquidity and the crisis affects the banking sector, but also the extrabanking activity. The domino principle strikes again and again. The financial institutions can’t answer promptly to these new issues, their agenda isn’t upgraded with the new global financial innovations, so they are unstabled and unsecured. The speed and complexity of these financial new terms and instruments are becoming structural problems and may provoke unbeatable crisis. The financial Leviathan proves that the monetarism orthodoxy is overfulfilled and so it creates financial currency blocks in full global world.

Suggested Citation

  • Tiberiu BRAILEAN & Aurelian Petrus PLOPEANU, 2009. "The Financial Leviathan," The Annals of the "Stefan cel Mare" University of Suceava. Fascicle of The Faculty of Economics and Public Administration, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration, vol. 9(Special), pages 88-93, December.
    • Handle: RePEc:scm:ausvfe:v:9:y:2009:i:special:p:88-93
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