Financial crisis: causes and consequences
Phelps, E
Keywords: economic recession, financial crisis, housing market, employment, banks, credit, demand, capital
Pages: 51-53
Abstract
In the author's opinion, the origin of the economic recession taking place in most countries resides in the house price crashes happened in the USA's and UK's housing markets. The financial crisis has been caused by many factors, which are analysed here. Some ways of how to manage the crisis are presented too.
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