Research

The credit crisis : What lessons for Visegrad?


Reference:

Lawson, C. and Zimkova, E., 2009. The credit crisis : What lessons for Visegrad? Prague Economic Papers, 18 (2), pp. 99-113.

Related documents:

This repository does not currently have the full-text of this item.
You may be able to access a copy if URLs are provided below. (Contact Author)

Official URL:

http://www.vse.cz/pep/abstrakt.php3?IDcl=344

Abstract

The origins, growth and importance of the 2007-2009 American and European credit crisis are analysed. The causes lie in the speculative bubbles, the changed attitudes to domestic property, the growth of securitisation and derivatives trading, the changing roles of financial institutions, poor policy choices and inadequate regulation. The Visegrad states are being affected by declining export markets that have triggered domestic recessions, and growing credit problems. The recession is especially penalising economies they have followed risky policies. The course of the recession is currently impossible to predict. But it is possible for these states to draw on the regulatory lessons inflicted on others, and to respond to the challenge of co-regulating the international banks that dominate their domestic markets, and which while too large to fail, are also too large to rescue unaided.

Details

Item Type Articles
CreatorsLawson, C.and Zimkova, E.
DepartmentsFaculty of Humanities & Social Sciences > Economics
RefereedYes
StatusPublished
ID Code16283

Export

Actions (login required)

View Item