This paper describes the current credit crisis and explains aspects of its macro and micro features. In particular, it describes the mechanism by which sub-prime mortgages and securitisation products...
Global Economic And Financial Crisis
Contrasting and analysing the role of regulation and regulators in dealing with two financial crises in the United States brought on by epidemics of control fraud - the us savings and loan debacle of...
This paper analyses the current crisis through a Marxian framework. It focuses on the creation of a new regime of accumulation (neoliberalism) since the 1970s as a response to the profitability...
There is broad agreement that lax financial regulation, especially in the United States and United Kingdom, contributed in a big way to the current global financial mess. In recent months, there have...
A democratic agenda for coming out of the recession must have at least five elements: first, the nationalisation of financial institutions in the leading capitalist countries where they have...
While the United States' emphasis on reviving banks and public spending are both important, neither addresses directly the main source of deflation, which is that the global imbalances are no longer...
The current financial crisis started in the financial sector of what was thought of as the country with the most sophisticated financial system, and that has spread almost universally and with...
This paper highlights the depth of the crisis confronting the global economy. It presents the various ways of understanding demand deficiency, which was the underlying feature of the earlier...
Contrary to popular belief, there were palpable signs of the Indian economy losing steam long before the outbreak of the global crisis. But there is little doubt that the global meltdown has...
An exploration of the roots of the current credit crisis in the process of financialisation, where profit-making occurs increasingly through financial channels rather than through trade and commodity...
It is instructive to see how the issue of business cycles was looked upon by John Maynard Keynes and Joseph Schumpeter, each of whom wrote masterly tracts on the subject in the 1930s. Though Keynes...
Our sights must be set on moderating the recurring cycle of financial crises and our solutions must go beyond the instruments, institutions or individuals of the day. Blaming offshore financial...
While evaluating the Indian policy responses to the global crisis, this article focuses on the likely extent of the spread of the crisis to India and how it will affect the domestic economy. In India...
The effects of the global financial crisis have been more severe than initially forecast. The turning point was the decision in September 2008 to let Lehman Brothers fail, an event that had a series...
Even as analysts and policymakers in the United States and Europe are debating whether nationalisation is the best option to deal with the crisis in the banking system, governments have already opted...
