This work is about the historical and financial analysis of four main economic crises: the “Great Crisis” of 1929 and the consequent Great Depression; the global crisis started in 2007 in the financial sector of subprime mortgages; the crisis of “Asian Tigers” in 1997 and a little description of the situation of instability in China started in 2015. This work aims at explaining the actions, the decisions and the mistakes of the main international organization and the governments involved. The choice to study these four particular cases is due to the common factors in terms of the conditions before the crisis and the social and economic aspects that characterize those countries. We are now experiencing the worst financial crisis since the Great Depression of the 30s. It has started in 2007, but it is just the ultimate phase of the evolution of financial markets under the radical financial deregulation process that began in the late 1970s. This evolution has taken the form of cycles in which deregulation accompanied by rapid financial innovation created serious situation of instability. As a result, financial markets have become ever larger and financial crises have become more threatening to society, which forces governments to implement ever-larger bailouts. This process has culminated in the global financial crisis described in Chapter 2. This work focuses particularly on the structural flaws occurred in the financial system that have helped bring on the crisis and on main actions of international actors.

Le crisi economico finanziarie internazionali: un'analisi storico economica

Smolari, Francesco
2015/2016

Abstract

This work is about the historical and financial analysis of four main economic crises: the “Great Crisis” of 1929 and the consequent Great Depression; the global crisis started in 2007 in the financial sector of subprime mortgages; the crisis of “Asian Tigers” in 1997 and a little description of the situation of instability in China started in 2015. This work aims at explaining the actions, the decisions and the mistakes of the main international organization and the governments involved. The choice to study these four particular cases is due to the common factors in terms of the conditions before the crisis and the social and economic aspects that characterize those countries. We are now experiencing the worst financial crisis since the Great Depression of the 30s. It has started in 2007, but it is just the ultimate phase of the evolution of financial markets under the radical financial deregulation process that began in the late 1970s. This evolution has taken the form of cycles in which deregulation accompanied by rapid financial innovation created serious situation of instability. As a result, financial markets have become ever larger and financial crises have become more threatening to society, which forces governments to implement ever-larger bailouts. This process has culminated in the global financial crisis described in Chapter 2. This work focuses particularly on the structural flaws occurred in the financial system that have helped bring on the crisis and on main actions of international actors.
2015
144
crisi economica, 1929, 1997, 2007
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/20.500.12608/20405