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The 2007-2009 financial crisis, global imbalances and capital flows: implications for reform

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dc.contributor.authorTuralay Kenc
dc.contributor.authorSel Dibooglu
dc.contributor.authorKenc, Turalay
dc.date.accessioned2022-05-29T06:28:06Z
dc.date.available2022-05-29T06:28:06Z
dc.date.issued2010
dc.description.abstractThe paper discusses the currents that led to the 2007-2009 financial crisis. We discuss the crisis in a historical context and present evidence regarding the incidence and unit price of risk. Our results show that the unit price of risk prior to the subprime crisis is comparable to the price of risk prior to the great depression and similar to the price of risk at onset of the technology bubble. We then discuss global imbalances, the associated risks with regard to international optimal allocation of capital, and arrangements to minimize problems of global imbalances.en_US
dc.identifier.citationKenc, T. & Dibooglu, S. (2010). The 2007-2009 financial crisis, global imbalances and capital flows: implications for reform. Economic Systems, 34 (1), pp. 3-21.en_US
dc.identifier.doihttps://doi.org/10.1016/j.ecosys.2009.11.003
dc.identifier.issn0939-3625
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/3564
dc.languageEnglish
dc.language.isoengen_US
dc.publisherElsevier B.V.en_US
dc.rights2010. Elsevier B.V.
dc.sourceSEDONA
dc.subjectFinancial crisisen_US
dc.subjectInternational capital flowsen_US
dc.titleThe 2007-2009 financial crisis, global imbalances and capital flows: implications for reformen_US
dc.typeJournal Articleen_US
dlc.maintopicConventional financeen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicConventional financeen_US
relation.isAuthorOfPublication7bdf745e-8829-456f-9e4f-fcc43b78d818
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