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Modern Financial Crises

Argentina, United States and Europe

  • Beniamino Moro
  • Victor A. Beker

Part of the Financial and Monetary Policy Studies book series (FMPS, volume 42)

Table of contents

  1. Front Matter
    Pages i-xvii
  2. Introduction

    1. Front Matter
      Pages 1-1
  3. The Case of Argentina

    1. Front Matter
      Pages 29-29
    2. Victor A. Beker
      Pages 31-42
  4. The American 2007–2009 Subprime Crisis

    1. Front Matter
      Pages 43-43
    2. Victor A. Beker
      Pages 45-59
  5. The European Public Debt Crisis

  6. The Impact of the Great Crisis on Economic Thought

    1. Front Matter
      Pages 161-161
    2. Beniamino Moro
      Pages 163-182
  7. Current Issues and Conclusions

    1. Front Matter
      Pages 221-221
    2. Victor A. Beker, Beniamino Moro
      Pages 223-245
    3. Victor A. Beker
      Pages 247-257

About this book

Introduction

This book is devoted to the analysis of the three main financial crises that have marked this century: 2001 Argentina’s defaulting on its external debt, the American subprime crisis in 2008, and the current European debt crisis in Europe. The book pursues three major objectives: firstly, to accurately portray these three financial crises; secondly, to analyze what went wrong with mainstream economic theory, which was unable to foresee these types of economic turmoil; and thirdly, to review macroeconomic theory, re-evaluating Keynes’ original contribution to economic analysis and pointing out the need to rebuild macroeconomics with a view to studying economic illness rather than trying to prove the non-existence of economic problems.

Keywords

European Central Bank Eurozone Financial Crisis Rating Agencies Sovereign-Debt Crisis

Authors and affiliations

  • Beniamino Moro
    • 1
  • Victor A. Beker
    • 2
  1. 1.Department of Economics and BusinessUniversity of CagliariCagliariItaly
  2. 2.Department of EconomicsUniversity of Belgrano and University of Buenos AiresBuenos AiresArgentina

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-20991-3
  • Copyright Information Springer International Publishing Switzerland 2016
  • Publisher Name Springer, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-20990-6
  • Online ISBN 978-3-319-20991-3
  • Series Print ISSN 0921-8580
  • Series Online ISSN 2197-1889
  • Buy this book on publisher's site