Financial Crises

    Credit-financed markets are inherently unstable. Inevitably, the pattern of payment promises doesn't align with actual ability to pay. What happens then depends on institutions, regulations and management. Today, the credit system is global, and so also is the prospect of financial instability.

    Narrow by:

    Narrow results by…

    Ethics vs. Ethos in US and UK Megabanking

    Company law in the US and UK fails to acknowledge that authorities’ propensity to rescue giant banks from the consequences of insolvency assigns taxpayers a coerced and badly structured equity stake in too-big-to-fail institutions. Read more

    What is Missing in Flassbeck & Lapavitsas

    More on substance, coherence, and relevance in the Eurozone debate. Read more