IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/21773_4.html
   My bibliography  Save this book chapter

The 2007- crisis, common patterns and new thinking

In: Financial Crises and Recession in the Global Economy

Author

Listed:
  • .

Abstract

This chapter provides case studies of the recent US and European financial crises, and discusses the financial risks that China is facing. Also, some new thinking is presented, which explains the continuing occurrence of large-scale financial crises. Key financial variables are shown to be driven more by psychological and social constructs than is commonly understood. Money and wealth can be created, transferred, and destroyed across the global economy independently of the rest of the ‘real’ economy. Also, expanding our understanding of recent crises can be assisted by evolutionary and complex systems approaches, especially ones that privilege the role of interactive knowledge and belief systems. A new political economy of financial crisis is advanced to organize issues and topics related to large-scale financial crises.

Suggested Citation

  • ., 2023. "The 2007- crisis, common patterns and new thinking," Chapters, in: Financial Crises and Recession in the Global Economy, chapter 4, pages 107-135, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21773_4
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/doi/10.4337/9781803927572.00011
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:21773_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.