Is denial of the possibility of financial asset market failure responsible for an economic holocaust? (SoMWP0902)

McSweeney, Brendan

(2009)

McSweeney, Brendan (2009) Is denial of the possibility of financial asset market failure responsible for an economic holocaust? (SoMWP0902).

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Abstract

Throughout the world every economic and socio-economic indicator has deteriorated. The so-called ‘real economy’ has been deeply contaminated by the most significant global financial crisis for seven decades. The ultimate extent and duration of this rampant degeneration and its longer-term political effects are unpredictable. What caused the crisis? This paper examines a range of suppositions made in theories which deny the possibility of financial asset market failure and identifies ways in which they contributed to the circumstances and actions which created the current crisis.

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This is a Published version
This version's date is: 02/2009
This item is peer reviewed

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https://repository.royalholloway.ac.uk/items/2e1e71be-5af4-35ca-ce3a-25db28cd5ca0/1/

Item TypeMonograph (Working Paper)
TitleIs denial of the possibility of financial asset market failure responsible for an economic holocaust? (SoMWP0902)
AuthorsMcSweeney, Brendan
Uncontrolled Keywordscredit crisis, incentives, irrationalities, leverage, light-touch, market failure denial, regulation, shareholder value, short-termism, speculation, toxic assets
DepartmentsFaculty of History and Social Science\Management

Identifiers

doi978-1-905846-26-9

Deposited by () on 23-Dec-2009 in Royal Holloway Research Online.Last modified on 14-Apr-2011

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