A historical overview of financial crises in the United States

• Autorzy: Yochanan Shachmurove
• Języki publikacji: EN

Abstrakty

EN

One of the few constants since the United States declared its independence is the presence of frequent financial crises with similar causes. In the nineteenth century, these panics were frequent with eight occurring over the century. However, following the Second World War there was a period of relative calm, which may have led to complacency. The Savings and Loans and the current financial crises have shown that these events remain a very real threat to economic stability. I have greatly benefitted from research assistance by Zach Winston from Pennsylvania State University and Gregory Kauffman from the University of Pennsylvania. (original abstract)

Słowa kluczowe

EN

Financial crisis; Real estate prices; Banking crisis; Public debt; Financial policy

PL

Kryzys finansowy; Ceny nieruchomości; Kryzys bankowy; Dług publiczny; Polityka finansowa

• Czasopismo: The Poznań University of Economics Review
• Rocznik: 2011
• Tom: 11
• Numer: nr 1
• Strony: 28--47

Twórcy

autor

Yochanan Shachmurove

• The City College of New York, USA

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