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…

    The Four Horsemen of the Econopocalypse

    If standard economic theory can’t explain a traffic jam, how can it cope with crises? Watch the video