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Financial instabilities and trends in the 1980s

In: Financial Crises and Recession in the Global Economy

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Abstract

This chapter discusses financial trends and instabilities in the 1980s, including the 1982 global recession and 1982 world debt crisis, and the 1987 world stock market crash. An understanding of money supply and demand, monetary velocity, and related statistics is developed and used to discuss financial crises and recessions during the 1980s. More of the ‘money and credit pyramid’ was used to accommodate the fast growth of financial markets, and proportionally less was simultaneously available for non-financial or GDP purposes. This phenomenon shows up as a decline in the income velocity of money in the US, the UK, and elsewhere, in various case studies.

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  • ., 2023. "Financial instabilities and trends in the 1980s," Chapters, in: Financial Crises and Recession in the Global Economy, chapter 2, pages 35-83, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21773_2
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    File URL: https://www.elgaronline.com/doi/10.4337/9781803927572.00009
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