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Criza economică – un fenomen previzibil
[The economic crisis - a predictable phenomenon]

Author

Listed:
  • Asavoaei, Alexandru

Abstract

The main aim of this paper is to emphasize the fact that the economic crisis are common phenomena. We aim to prove that these phenomena are not so unpredictable and surprising as some economists claim nowadays. We are trying to identify and disclose the pattern of a typical period of economic recession. Hence, we focused our analysis on several of the most significant depressions in the economic history, trying to find the similarities between them, but also to point out their specific elements. The purpose of this paper is to show that the main causes of different crises are, more or less, identical, and therefore such phenomena could and should be anticipated more accurately in the future

Suggested Citation

  • Asavoaei, Alexandru, 2012. "Criza economică – un fenomen previzibil [The economic crisis - a predictable phenomenon]," MPRA Paper 40145, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:40145
    as

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    File URL: https://mpra.ub.uni-muenchen.de/40145/1/MPRA_paper_40145.pdf
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    References listed on IDEAS

    as
    1. Charles P. Kindleberger & Robert Z. Aliber, 2005. "Manias, Panics and Crashes," Palgrave Macmillan Books, Palgrave Macmillan, edition 0, number 978-0-230-62804-5, March.
    2. Carmen M. Reinhart & Kenneth S. Rogoff, 2014. "This Time is Different: A Panoramic View of Eight Centuries of Financial Crises," Annals of Economics and Finance, Society for AEF, vol. 15(2), pages 215-268, November.
    3. George A. Akerlof, 2009. "How Human Psychology Drives the Economy and Why It Matters," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 91(5), pages 1175-1175.
    4. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "Varieties of Crises and Their Dates," Introductory Chapters, in: This Time Is Different: Eight Centuries of Financial Folly, Princeton University Press.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    economic crises; recession; speculative bubble; manias; irrational behavior; overconfidence; economic cycle; financial markets;
    All these keywords.

    JEL classification:

    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
    • N20 - Economic History - - Financial Markets and Institutions - - - General, International, or Comparative
    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles

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