The 2008-2009 financial crisis in historical context

dc.authorid0000-0001-8115-7226
dc.contributor.authorTatlıyer, Mevlüt
dc.date.accessioned10.07.201910:49:13
dc.date.accessioned2019-07-10T19:56:07Z
dc.date.available10.07.201910:49:13
dc.date.available2019-07-10T19:56:07Z
dc.date.issued2017
dc.departmentİstanbul Medipol Üniversitesi, İşletme ve Yönetim Bilimleri Fakültesi, Ekonomi ve Finans Bölümü
dc.descriptionWOS: 000409545700003
dc.description.abstractThe 2008-2009 financial crisis was the largest since Great Depression of the 1930s. Several reasons were asserted on why such a massive crisis happened in the first place. However, most of the explanations put forth were about proximate causes of the crisis and very little attention was given to the underlying and fundamental causes of it. The causes of the global financial crisis were, ostensibly, the formation of a housing bubble and ensuing subprime mortgage crisis in the US economy. However, the true story of the crisis is much more complicated than this. Actually, the fundamental causes, which stemmed from systemic problems in the global economy, paved the way for economic instabilities throughout the world and numerous financial crises occurred from 1980s on. These fundamental causes include (a) failure of transforming economies from extensive-production to intensive-production, (b) the rise of the neoliberalism, (c) ensuing financialization of the world economy and (d) global instabilities witnessed in the neoliberal era.
dc.identifier.citationTatlıyer, M. (2017). The 2008-2009 financial crisis in historical context. Global Financial Crisis and its Ramifications on Capital Markets: Opportunities and Threats in Volatile Economic Conditions içinde (3-17. ss.). Springer International Publishing Ag. https://dx.doi.org/10.1007/978-3-319-47021-4_1
dc.identifier.doi10.1007/978-3-319-47021-4_1
dc.identifier.doi10.1007/978-3-319-47021-4
dc.identifier.endpage17
dc.identifier.isbn9783319470214
dc.identifier.isbn9783319470207
dc.identifier.issn1431-1933
dc.identifier.scopusqualityQ4
dc.identifier.startpage3
dc.identifier.urihttps://dx.doi.org/10.1007/978-3-319-47021-4_1
dc.identifier.urihttps://dx.doi.org/10.1007/978-3-319-47021-4
dc.identifier.urihttps://hdl.handle.net/20.500.12511/2584
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherSpringer International Publishing Ag
dc.relation.ispartofGlobal Financial Crisis and its Ramifications on Capital Markets: Opportunities and Threats in Volatile Economic Conditionsen_US
dc.relation.ispartofseriesContributions to Economics
dc.relation.publicationcategoryKitap Bölümü - Uluslararası
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subject2008-2009 Financial Crisis
dc.subjectGlobal Finance
dc.subjectGreat Depression
dc.titleThe 2008-2009 financial crisis in historical context
dc.typeBook Chapter

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