Relevant bibliographies by topics / Economic crisis

Academic literature on the topic 'Economic crisis'

Author: Grafiati
Published: 4 June 2021
Last updated: 28 July 2024

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Journal articles on the topic "Economic crisis"

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Kotios, Angelos, and George Galanos. "The International Economic Crisis and the Crisis of Economics." World Economy 35, no. 7 (June 6, 2012): 869–85. http://dx.doi.org/10.1111/j.1467-9701.2012.01468.x.

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براهم, نور الهناء, الهام بوجدار, and فراح الياس الهاني. "Crisis management strategies in economic Institutions." Finance and Business Economies Review 3, no. 1 (March 31, 2019): 566–85. http://dx.doi.org/10.58205/fber.v3i1.1409.

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The study aimed to clarifying the importance of implementing crisis management strategies in economicinstitutions, reviewing the most important concepts related to crises, and how to confront crises through theimplementation of the concept of crisis management. Among The results, we noted that the mission of theinstitution does not finiched when facing crises, but extends to good implementation and effectivemonitoring of crisis management, and adopting an effective strategic approach that makes it more vital in anenvironment full of opportunities. Crisis strategies vary depending on the type and magnitude of the crisisfacing the institution. The study reached a number of recommendations, us the good preparation ofprograms and plans for crisis management in institutions and working on their review developmentcontinuonsly. While promoting the interest of businesses, have sufficient knowledge to use crisis strategiesin ordre to acquire the ability to meet and overcome sudden crises efficiently and effectively.
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Mladenović, Igor, and Dragoslav Kitanović. "The Theory of Crisis after Crisis." Economic Themes 52, no. 1 (March 13, 2015): 1–12. http://dx.doi.org/10.1515/ethemes-2014-0001.

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AbstractThe global economic system and the world crisis are a reality, and hence the challenge for modern economic theory, which is to provide a valid response to its development and overcoming the crisis. The prevailing economic theory and methodology (neo-liberal paradigm) in this field demonstrates serious defects, so this paper attempts to show that the relative nature of economic theory is in expressing the social prejudices of its time. Demystification of the ideological and political foundations of what is today considered "objective knowledge" in the economy, is only possible with the affirmation of a new scientific methodology of economics, i.e. the new philosophy of economics. The aim of the paper is to stimulate thinking and different views on this subject.
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Fine, Ben, and Dimitris Milonakis. "‘Useless but True’: Economic Crisis and the Peculiarities of Economic Science*." Historical Materialism 19, no. 2 (2011): 3–31. http://dx.doi.org/10.1163/156920611x573770.

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AbstractThe recent economic crisis has brought to the fore another crisis that has been going on for many years, that of (orthodox) economic theory. The latter failed to predict and, after the event, cannot offer an explanation of why it happened. This article sketches out why this is the case and what constitutes the crisis of economics. On this basis, the case is made for the revival of an interdisciplinary political economy as the only way for offering an explanation of the workings of the (capitalist) economy in general and of economic crises in particular.
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Sinković, Dean, Sebastian Zemla, and Nataniel Zemla. "Monitoring of Economic Indicators in the Context of Financial and Economic Crises." Contemporary Economics 16, no. 1 (March 31, 2021): 61–87. http://dx.doi.org/10.5709/ce.1897-9254.469.

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Financial and economic crises repeat themselves at indefinite intervals. As in the Great Recession (also known as Subprime Crisis) of 2007/2008 there was a bundle of events and processes that preceded it and contributed to its emergence, whether it be economic, political, or ideological. Based on observations presented in this paper, explanations are suggested that crises are significantly related to the development of various indicators. Relevant indicators include the impact of economic indicators (e.g., GDP, key interest rates, debt ratios), capital markets and - as the current Corona Crisis shows - supposedly unforeseen factors or shocks. The study deals with a comparative analysis of indicators regarding both crises and the Great Depression, with the aim of identifying possible trends or patterns. It uses a comparative method and reveals some significant similarities. This insight can be seen as a support for the birth of further crises. The work aims to provide a contribution to current crisis research in a comparative context and to advance findings in the field of early warning and crisis education.
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Zhang, Junjie. "1990 Japan Economic Crisis." Advances in Economics, Management and Political Sciences 22, no. 1 (September 13, 2023): 88–92. http://dx.doi.org/10.54254/2754-1169/22/20230292.

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What can each country learn from this? How can economic crises be effectively avoided? When an economic crisis occurs, what can be done to avoid adopting the wrong policies? This paper is based on the economic crisis that occurred in Japan in the 1990s because of the rapid appreciation of the Japanese yen following the signing of the Plaza Agreement. The paper is divided into four sections to analyze the Japanese economic crisis of 1990. It describes the following questions: what led to the crisis in Japan; what impact the crisis had on Japan; what methods the Japanese government used during the crisis and what lessons the crisis brought; what each country can learn from it; and whether they can do better than the Japanese government did when it faced the economic crisis in 1990. Through the study, this paper finds that the Japanese government in 1990 did not immediately deal with and make adjustment plans when faced with the crisis. Secondly, it maintained an optimistic attitude. This is what led to the creation of the economic crisis. And this economic crisis pressed the pause button on Japan, which was growing at a fast pace, and stagnated the Japanese economy for 10 years. The effects of Japan's high ageing population and high divorce rate in that period continue to this day and seriously affect a country's economic development.
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Sukovic, Danilo. "Did economic inequality cause the economic crisis." Panoeconomicus 61, no. 3 (2014): 369–87. http://dx.doi.org/10.2298/pan1403369s.

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The sudden and large increase of interest in questions of distribution of wealth and economic inequality, arising in recent years, resulted primarily from the enormous increase in inequality that occurred during the last three decades. The global economic crisis that emerged in 2008 gave a new impetus to this research because numerous scientific studies appeared in which inequalities were given as one of the key causes of the crisis from which the world is slowly recovering. This is especially true in Europe, whose recovery is barely discernible. This paper analyzes the trends of economic inequality and points to the impact of inequality on economic growth. The central question in this paper, however, is whether the economic inequalities caused the economic crisis. Although opinions differ as to inequality?s impact on the occurrence of the crisis, the fact is that enormous economic inequalities, and especially their permanent growth, could have many negative effects, such as increasing poverty, increasing social stratification and causing global economic crises. As many authors have pointed out, escalating inequality is not an inevitable price of progress. On the contrary, it is a political decision that often has expensive ramifications.
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Kocziszky, György. "What can Learn the Economic Science and Economic Policy form the Global Economic Crisis Generated by the Pandemia?" Erdélyi Társadalom 18, no. 2 (2020): 9–18. http://dx.doi.org/10.17177/77171.245.

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Mynard Keynes’s The General Theory of Employment, Interest and Money published in 1936, highlighted that the deep, global financial and economic crises have a profound effect on economic thinking and the economic policy-makers. The sage learns from this, and the fool recovers back to his previous flawed theories and practices. Today, it is also clear that the shocks that trigger these crises are living with us, breaking the growth trends of the economy from time to time, which raises again and again the question, what economics and economic policy practitioners have learned, and can learn from it, or the short-term economic policy interest overcomes the adjustments after the corrections? In his study, the author checks the effects of the recent global exogenous crisis caused by the pandemic and the desirable correction methods, without which the consequences of the current crisis may be protracted. Keywords: crisis, economic thinking, economic policy, pandemic, sustainability
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Kirman, A. "The Economic Crisis is a Crisis for Economic Theory." CESifo Economic Studies 56, no. 4 (November 19, 2010): 498–535. http://dx.doi.org/10.1093/cesifo/ifq017.

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Chen, Hongyi. "How Effective Were the Economic Policies Introduced during the 2007-09 Global Economic Recession?" Highlights in Business, Economics and Management 1 (November 28, 2022): 75–77. http://dx.doi.org/10.54097/hbem.v1i.2322.

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The outbreak of economic crises is cyclical and unpredictable. The causes of each financial crisis are different. Studying the causes of the financial crisis can effectively mitigate the impact of the financial crisis on the national economy. So, what are the causes of the 2007 2009 world financial crisis? This paper examines the economic policies that exited during the global recession of 2007-09 and shows that controlling the domestic economy was ineffective in limiting the recession.
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Dissertations / Theses on the topic "Economic crisis"

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Granath, Jakob. "ECONOMIC CRISES AND CRIME : The Effects of the Great Recession on Swedish Crime Rates." Thesis, Uppsala universitet, Nationalekonomiska institutionen, 2021. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-448078.

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This paper investigates the impact of the 2008's financial crisis on local crime rates in Sweden. I deploy a difference-in-differences approach that contrasts the changes in reported crimes between municipalities that are more or less crisis-exposed. The results show no significant effect on any crime category nor the aggregate crime rate. However, there are indications of more densely populated municipalities experiencing an increase in crimes with underlying financial incentives, although not robust. The results are similar when the effect of the Great Recession is compared to the major financial crisis that hit Sweden in the early 90s, suggesting that economic crises do not cause any reactions in crimes. One explanation could be the increase in social grants recipients and the participation in labour market programmes. Both of which cushions the fall in income and reduces criminal motivation. The results appear robust for a variety of alternative severity measures. Potential spillovers between adjacent municipalities do not seem to be a threat as the results are similar for county-level regressions. Overall, the findings in this paper point towards the number of reported crimes being unaffected by the crisis exposure measured as the employment change and change in retail sales.
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Pushmina, J. "The world economic crisis “epidemic”." Thesis, Ukrainian Academy of Banking of the National Bank of Ukraine, 2009. http://essuir.sumdu.edu.ua/handle/123456789/61316.

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Морозова, Ірина Анатоліївна, Ирина Анатольевна Морозова, Iryna Anatoliivna Morozova, and A. V. Oleynyk. "World economic crisis. Latvia's madness." Thesis, Видавництво СумДУ, 2011. http://essuir.sumdu.edu.ua/handle/123456789/13406.

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Giwa, Titilola Opeyemi. "Optimal investment strategy for economies in crisis." Thesis, Royal Holloway, University of London, 2002. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.268801.

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The aim of this work is to determine the best response of investment to shocks and crisis situations. The problems that arise during crises vary depending on each country's peculiarities. However, there are some things that are common in almost all situations. In very many cases, we find that from the household level where children are pulled out of school and put to work to support family income to the government decision on education funding, one thing is common - investment tends to be cut. In standard optimal growth models consumption and investment generally turn out to be a fixed fraction of output. When a crisis occurs, this fixed fraction of a lower output means a lower level of investment. In an optimal growth framework with Cobb-Douglas production function and logarithmic utility function, I present a model that adds a feature called 'the gap' that describe the domestic situation. Developing countries are often plagued by sociopolitical and economic factors that constrain their productivity and/or capacity utilisation. When weakened in this way, an exogenous shock that causes a loss of capital could have devastating effects. In such a situation depreciation could conceivable exceed its natural rate and it is this difference between the actual rate experienced and the natural rate that I call 'the gap'. I argue that when 'the gap' exists, there are additional benefits to be reaped from investment. The model I present demonstrates that under certain conditions, rather than investing a fixed fraction, the rate of investment should actually increase such that investment is maintained at itspre-crisis level. This is opti~al and desirable because in the long run, the welfare path of economies that follow this strategy is superior. This result is empirically tested using a simple regression model. First, I determine the investment strategy followed by a sample of countries worst hit by the debt crisis of the mid-eighties, then I examine the income and consumption paths. The results show that the majority of the sample countries followed the implied optimal strategy, and these countries followed a superior income and welfare path in the post-crisis years. This result therefore lends support to the model presented, and also raises an important question. Why is it that countries that followed the optimal path only seem to be marginally better off than those that did not? To answer this question, I examine the issue of financing the investment decision. For many countries in crisis, the availability of credit was a crucial factor. Many faced the dilemma of needing funds, yet being unable to attract it because creditors considered them too risky. In an extended version of the basic model, I show that more debt was not optimal for funding the investment choice. Although following the optimal path would result in higher output, as long as funding was through debt, consumption and welfare would only be marginally better because of the future burden of debt service. On the other hand, selffinancing would require severe cuts in consumption that may not be justifiable in terms of long run gains. The solution - aid and financial support for export oriented adjustment programs should be given by international financial organisations to countries that choose to follow the optimal investment strategy. This would preserve and improve the qualityof such organisations' investment, and ensure an even better welfare path for debtor countries in the long run
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Mamahit, Desi Albert. "Indonesia : the economic crisis 1997-1998." Thesis, Monterey, Calif. : Springfield, Va. : Naval Postgraduate School ; Available from National Technical Information Service, 1998. http://handle.dtic.mil/100.2/ADA350161.

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Thesis (M.S. in Management) Naval Postgraduate School, June 1998.
Thesis advisor(s): K.L. Terasawa, Bill Gates. "June 1998." Includes bibliographical references (p. 177-181). Also available online.
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Demianchuk, O., and A. Chaikivska. "Energy efficiency and the economic crisis." Thesis, SumyState University, 2016. http://essuir.sumdu.edu.ua/handle/123456789/45288.

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At this stage of the Ukrainian economy development the problem of energy shortages has escalated, as a result of resources of energy-intensive production, inefficient use of fuel and energy resources (FER), reducing own sources and increasing prices for imported ones. Economic growth in Ukraine depend on the amount of own available resources, potential of energy efficiency and energy intensity of leading industries.
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Durgut, Ahmet. "The 1994 economic crisis in Turkey." Thesis, Monterey, Calif. : Springfield, Va. : Naval Postgraduate School ; Available from National Technical Information Service, 2002. http://library.nps.navy.mil/uhtbin/hyperion-image/02Jun%5FDurgut.pdf.

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Ladpli, Pimpen. "Economic policy and development in south-east Asian economies." Thesis, University of Southampton, 2001. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.390602.

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Gonçalves, Daniela Maria Santiago. "Consumption and emotional compensation in economic crisis." Master's thesis, NSBE - UNL, 2010. http://hdl.handle.net/10362/9854.

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A Work Project, presented as part of the requirements for the Award of a Masters Degree in Management from the NOVA – School of Business and Economics
The present work project aims to study the Portuguese consumer attitude towards non essential goods during economic crisis. It is inspired by a recent trend described in the media as the Lipstick Effect. In order to address the abovementioned objective, we conduct a research that includes an exploratory phase (Case Studies) and a descriptive phase (Questionnaires). Please note that we do not aim to define “economic crisis”, the concept in the work project is “perceived economic crisis”. The analysis reveals that Portuguese women reflect a need for emotional compensation during economic crisis and so, despite facing budget constraints, they still make expenditures on non essential goods. The non essential goods where female consumers maintain their expenditure are essentially related to Beauty Care and Telecommunications.
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Dolega, Leszek. "UK high streets during global economic crisis." Thesis, University of Southampton, 2012. https://eprints.soton.ac.uk/368179/.

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The 2008-09 global economic crisis has impacted UK high streets and town centres in complex and little understood ways. In addition, the vitality of UK high streets has been differentially impacted by three other forces and has become an increasing focus of government and public anxiety: These forces include: (i) the progressive rise of online shopping, (ii) the complex consequences of the implementation of a ‘town centre first’ policy in retail development and (iii) the rise of often underestimated influence of convenience culture. This research investigates the response of UK high streets to these drivers of change, and seeks to make three main contributions. First, to provide new descriptive evidence on the differential performance of UK retail centres during and since the economic crisis. Although some of these findings parallel those suggested by specialist commercial research companies they also significantly extend available knowledge. In particular, they depict the discrepancy in the response of independent and multiple retailers to the economic and competitive shocks. Second, to identify the key drivers of town centre performance, by employing the multivariate analysis of that issue at both cross-regional and intra-urban levels. The cross-regional analysis derives seven factors associated with retail centre enhanced resilience or fragility to the economic crisis; the intra-urban analysis validates and reinforces the results of the cross-regional analysis and provides further insights into the dynamics of UK town centres performance in the post-crisis decade. Third, to conceptualise the nature of UK retail centres’ complex adjustment to the shock of economic crisis and other forces of change, by exploring alternative interpretations of the resilience of economic systems. In particular, we use the concept of adaptive resilience to understand the dynamic process through which UK high streets have gradually and constantly evolved. We suggest a conceptual framework which links the notions of adaptive capacity and adaptive resilience and indicates how a position of a centre in adaptive cycle and the role of various actors are important to performance of that centre. At a time when the economic health of high streets has generated a large amount of research, the findings of this study have the potential to contribute to the policy agenda and set a benchmark against which future research can be positioned and interpreted.
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Books on the topic "Economic crisis"

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Paul, Mattick. Economic crisis and crisis theory. Abingdon, Oxon: Routledge, Taylor & Francis Group, 2015.

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Amin, Samir. Financial crisis? Systemic crisis? Dakar: CODESRIA, 2010.

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The Asian financial crisis: Crisis, reform and recovery. Manchester, UK: Manchester University Press, 2003.

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DeBardeleben, Joan, and Crina Viju, eds. Economic Crisis in Europe. London: Palgrave Macmillan UK, 2013. http://dx.doi.org/10.1057/9781137005236.

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Arestis, Philip, Michelle Baddeley, and John McCombie, eds. What Global Economic Crisis? London: Palgrave Macmillan UK, 2001. http://dx.doi.org/10.1057/9780333992746.

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Woronoff, Jon. The Japanese Economic Crisis. London: Palgrave Macmillan UK, 1996. http://dx.doi.org/10.1057/9780230375680.

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Ravenhill, John, ed. Africa in Economic Crisis. London: Palgrave Macmillan UK, 1986. http://dx.doi.org/10.1007/978-1-349-18371-5.

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Woronoff, Jon. The Japanese Economic Crisis. London: Palgrave Macmillan UK, 1992. http://dx.doi.org/10.1007/978-1-349-23069-3.

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The Japanese economic crisis. Houndmills, Basingstoke: Macmillan, 1993.

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1941-, Arestis Philip, Baddeley Michelle 1965-, and McCombie J. S. L, eds. What global economic crisis? Houndmills, Basingstoke, Hampshire: Palgrave Macmillan, 2004.

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Book chapters on the topic "Economic crisis"

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Pappas, Takis S. "Economic Crisis." In Populism and Crisis Politics in Greece, 71–77. London: Palgrave Macmillan UK, 2014. http://dx.doi.org/10.1057/9781137410580_9.

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DeMartino, George. "The Economic Crisis and the Crisis in Economics." In Consequences of Economic Downturn, 25–44. New York: Palgrave Macmillan US, 2011. http://dx.doi.org/10.1057/9780230118355_2.

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Legat, Dietrich. "Economic Crisis — Innovation Crisis — Management Crisis?" In Recent Essentials in Innovation Management and Research, 89–97. Wiesbaden: Deutscher Universitätsverlag, 1995. http://dx.doi.org/10.1007/978-3-663-08911-7_7.

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Petrakis, Panagiotis E., Kyriaki I. Kafka, Pantelis C. Kostis, and Dionysis G. Valsamis. "Economy and Economic Policy." In Greek Culture After the Financial Crisis and the Covid-19 Crisis, 153–64. Cham: Springer International Publishing, 2021. http://dx.doi.org/10.1007/978-3-030-81018-4_10.

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Rees, Gareth, and Charles Smith. "The Debt Crisis." In Economic Development, 149–68. London: Macmillan Education UK, 1998. http://dx.doi.org/10.1007/978-1-349-14689-5_8.

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Sylos Labini, Francesco. "Crisis." In Science and the Economic Crisis, 45–91. Cham: Springer International Publishing, 2016. http://dx.doi.org/10.1007/978-3-319-29528-2_2.

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Vineis, Paolo. "The Economic Crisis." In Health Without Borders, 45–52. Cham: Springer International Publishing, 2017. http://dx.doi.org/10.1007/978-3-319-52446-7_6.

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Sapelli, Giulio. "World Economic Crisis." In Global Challenges and the Emerging World Order, 21–22. Cham: Springer International Publishing, 2015. http://dx.doi.org/10.1007/978-3-319-15624-8_3.

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Holcombe, Randall G. "The economic crisis." In The Routledge Companion to Business Ethics, 393–409. 1 Edition. | New York : Routledge, 2018.: Routledge, 2018. http://dx.doi.org/10.4324/9781315764818-29.

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Gabriel, Satyananda J. "Economic + ecological crisis." In Political Economy Goes to the Movies, 133–65. London: Routledge, 2021. http://dx.doi.org/10.4324/9781351580915-8.

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Conference papers on the topic "Economic crisis"

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Goschin, Zizi. "Crisis Management or Crisis Preparedness? The Importance of Economic Diversification in Building Resilience to Economic Crises." In International Conference On Research In Management. Acavent, 2019. http://dx.doi.org/10.33422/icrmanagement.2019.10.962.

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Gifu, Daniela. "E-LEARNING ECONOMIC CRISIS." In eLSE 2021. ADL Romania, 2021. http://dx.doi.org/10.12753/2066-026x-21-079.

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The potency of e-learning varies from context to context, however, has also been shown to become a valuable method of predicting an economic crisis. Basically, e-learning becomes an accessible and efficient method to avoid financial and social blockages worldwide. Due the popularity of deep learning for analysing text data, with really promising results, for instance, in financial forecasting from news focused on specific topics, a new vision of predicting an economic crisis may be the foundation of an intelligent economic theory. This study explores machine learning algorithms to predict different economic stressful events. Also, it addresses the problem of correlating the open information provided by economic publications and social media with impact on the economic behaviour. The goal of this paper is to implement an e-learning system able to provide a set of valid information about a potential economic crisis, using a dataset of financial and economic topics. Consequently, there is a need to evaluate the performance of e-learning in the domain of financial economics as part of ongoing quality of life improvements efforts. The results can be seen as a starting point for broader research in the same field. The entire research was based on history of previous economic crisis and the entire chain of events extracted from the dataset consisting of economic news. Based on these results, using a newspaper collection chronologically ordered from 2008 to 2018, with an error margin of approximately one or two years, the signs of the next economic crisis can be already observed.
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Hiç, Özlen, and Ayşen Hiç Gencer. "The 1994, 1997-98, 2001 and 2008 Crises and their Impacts on the Turkish Economy." In International Conference on Eurasian Economies. Eurasian Economists Association, 2023. http://dx.doi.org/10.36880/c15.02739.

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This article examines the impacts of four major economic and financial crises that significantly affected Turkey’s economic stability and growth: the 1994 crisis, the 1997-98 Asian crisis, the 2001 Turkish crisis, and the 2008 global crisis. The 1994 crisis was triggered by a sudden currency depreciation and resulted in a severe economic contraction. It revealed the vulnerabilities of the Turkish financial system and highlighted the need for structural reforms to improve fiscal discipline and monetary policy. The 1997-98 Asian financial crisis had a ripple effect on Turkey, leading to a sharp decline in exports, capital outflows, and a banking crisis. The Turkish Lira came under intense pressure, and the government had to implement stabilization measures with support from international institutions. The 2001 Turkish economic crisis stemmed from high public debt, banking sector weaknesses, and a loss of investor confidence, which led to a significant depreciation of the Turkish Lira, a banking sector restructuring, and the implementation of economic reforms. The 2008 global financial crisis, originated in the United States. The collapse of Lehman Brothers triggered a sharp decline in global demand, leading to a decline in Turkey's exports. The government implemented stimulus measures to mitigate the impacts of the crisis and prevent a severe recession. Overall, these crises exposed vulnerabilities in Turkey's economy and highlighted the importance of implementing structural reforms, improving financial regulations, and maintaining macroeconomic stability. The Turkish economy has demonstrated resilience in recovering from these crises, but ongoing challenges remain in sustaining long-term economic growth and stability.
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Khidasheli, Mirza. "Looming Sovereign Debt Crisis – What’s Wrong with State-Regulated Economics." In Human Capital, Institutions, Economic Growth. Kutaisi University, 2023. http://dx.doi.org/10.52244/c.2023.11.4.

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On January 19, 2023, the United States hit its debt ceiling, leading to a debt-ceiling crisis. US sovereign debt, for decades, was considered a risk-free investment, but the 2023 US debt ceiling crisis shocked the financial world. The COVID-19 pandemic has hung a heavy burden on public finances. Quarantined economic activity heavily affected state budget revenues all over the world. Before the Covid-19 crisis, there was the 2008 financial crisis with its famous outcomes, when economic stimulus was provided including state budget programs financed by sovereign debts. It was still pandemic circumstances when on 24 February 2022, Russia invaded Ukraine in an escalation of the Russo-Ukrainian War. In less than 20 years period the world has had three global-scale crises, but the deterioration social-economic picture is far less dramatic than it will be without state interventions. Nothing is free, it is an obvious and well-known economic axiom, so if the costs of these crises are not on the surface, it means that the problem is hidden somewhere and postponed in time. In a simplified picture we see that states' actions in the field of public finance aren’t rational. When revenues are decreasing, from a household point of view it is normal to turn on some austerity mode and live with less luxury, but different approaches are taken by the states when GDP growth and tax revenues are decreasing. The bright examples of these we saw during the 2008 financial crisis and the COVID-19 crisis. From an economic point of view, loans couldn’t be a source of prosperity. Moreover, sovereign credit puts on long-run burden on the real economy. Money is considered a sign of wealth and prosperity, but actually, in the fractional reserve banking system, it is not the same. For the creation of debt money in the modern credit system, we don’t need savings, we can create it simply from “thin air”. So, an increased volume of money and debt in the economy doesn’t mean prosperity, it means more burden on future generations and the economy at all. The real economy has to pay these debts in the long run future and there it will negatively affect welfare and prosperity. More Fiat money doesn’t create prosperity, prosperity is a result of economic growth and savings. Printing money without proportional economic growth or creating debt money without adequate savings, only exacerbates allocation of resources and wealth. So, money multiplier is not about wealth creation it’s about wealth allocations. Empirical pieces of evidence from the current century showed us that, a crisis is a signal, it is a communication instrument that should be considered correctly and with some scrutiny examinations about its origins and foundations. Tactical solutions can't give strategic outcomes. When empirical evidence shows that instruments used by the state to extinguish crises create much more scaled ones, it’s time for rethinking and structural reforms.
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Mijovic Hristovska, Bojana, and Tamara Mijovic Spasova. "Navigating Crisis and Cooperation - North Macedonian Tourism Companies Views on the 'Open Balkan' Initiative Amidst the Challenges of Covid-19 and the Ukrainian Crisis." In Economic and Business Trends Shaping the Future. Ss Cyril and Methodius University, Faculty of Economics-Skopje, 2023. http://dx.doi.org/10.47063/ebtsf.2023.0013.

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This paper investigates the dual challenges posed by the Covid-19 crisis and the Ukrainian crisis and their profound impact on the tourism sector in North Macedonia. As these crises disrupted global travel patterns and tourism dynamics, North Macedonia's tourism industry faced challenges. Through an in-depth analysis of empirical data, this paper sheds light on the resilience and adaptability of tourism companies in North Macedonia during these crises. The research explores the measures adopted by North Macedonian government to mitigate the adverse effects of these crises. Moreover, it examines the role of regional economic cooperation among Western Balkan countries in enhancing the tourism sector's resilience and recovery. Findings reveal the pivotal role of regional cooperation in creating a supportive framework for tourism companies in North Macedonia and neighboring countries. Leveraging their shared cultural, historical, and geographical ties, these nations have demonstrated the potential to foster sustainable tourism growth and strengthen economic ties. This paper contributes to the understanding of crisis management in the tourism sector, offering valuable insights for policymakers, businesses, and academics interested in the Western Balkans region's economic development and tourism resilience strategies. The research underscores the importance of collaboration in overcoming crises and capitalizing on shared opportunities, ultimately paving the way for a more robust and resilient tourism industry in North Macedonia and the broader Western Balkans region
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Rasulev, Alisher. "National Features of Economic Policy in the Global Crisis and Post-Crisis Period." In International Conference on Eurasian Economies. Eurasian Economists Association, 2011. http://dx.doi.org/10.36880/c02.00366.

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The main feature of present stage in global economic system development is the overcome of global financial crisis and global financial architecture reformation, which requires anti-crisis adjustment in monetary policy. There are two important issue related to realization of anti-crisis program: the relation of anti-crisis policy nature and purpose to national economic development strategy and final aim of economic policy. The second important issue is elimination of contradictions between national policy (interests) and global values. The given article focuses on the features of national economy development on conditions of world economic crisis and the post crisis period, the role of government as the basic actor in economy management, the principal direction of the anti-crisis program and measures of Uzbekistan.
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Özer, Bilal, Alper Karaağaç, and Ismail Önden. "The Effects Of 2008 Global Crisis On Eurasian Countries' Economies." In International Conference on Eurasian Economies. Eurasian Economists Association, 2010. http://dx.doi.org/10.36880/c01.00127.

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With the ongoing technological progress new transportation and communication channels have emerged, and interactions between people and therefore states has increased significantly. As a consequence of this development the concept of globalization, meaning the disappearance of the boundaries between states, has arisen. Thus the process of integration between the economies of states has started, which increased the dependency and interaction of the state economies. Hence, an economics crisis appearing in a particular state effects all of the countries integrated to this integrated system. In this study it is aimed to research that in what degree the Eurasian economies are integrated to the world economy, and affected from the recent economic crisis. The changes of the growth rates of the economies of Eurasian states during the crisis have been considered in order to employ them in the analysis of these affects. Moreover, by considering the basic economic indicators of those states such as unemployment rate, consumer price index, budget deficit, current deficit, it is aimed that to reach a general view of those states economic positions.
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Boháš, Artur, and Hynek Böhm. "The Turów Crisis: Economy vs Sustainability." In Liberec Economic Forum 2023. Technical University of Liberec, 2023. http://dx.doi.org/10.15240/tul/009/lef-2023-10.

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The text focus on a sensitive topic within the EU, the crisis around the operation of the Turów coal mine in Poland. The mine is located in the Turószow Spur on the borders of Czechia and Germany. The whole Three-border Region belongs to the economic periphery or semiperiphery, although the particular states have visible economic differences. The mine's operation violates many ecological norms, and its location brings adverse cross-border environmental effects. Polish authorities insist on the mine operation despite foreign complaints and international criticism. They are pretty successful with their diplomacy mixed with ignorance. Polish officials promote economy and energy; meanwhile, the neighboring states and the EU prefer ecologically sustainable development and fair neighbor relations. As human geographers, the authors use various methods: desk research of economic, geographical, political, and ecological sources connected to the Turów Mine and Tree-border Region, analyzing available statistical data, media analysis, survey, and expert interviews. The main focus is on Czech-Polish affairs, but some overlaps are inevitable. The study reveals differences in priorities between Poland and its neigbors, leading to conflicting narratives. Together with economic and developmental asymmetries, they determine the status quo mostly regardless of the environment and related pressure from the EU, promoting the struggle against climate change.
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Erhan, Lica, Ludmila Cobzari, and Lamiha Öztürk. "The Impact Of The Economic Crisis On Smes." In 27th International Scientific Conference “Competitiveness and Innovation in the Knowledge Economy”. Academy of Economic Studies of Moldova, 2024. http://dx.doi.org/10.53486/cike2023.45.

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The economic crises from the last years has made the Moldovan economy oscillate at extreme values. After the effects of the Covid-19 pandemic and severe drought from 2020, the year 2022 brought a mix of energy crisis, trade disruptions and persistent inflation. These crises have put pressure on the costs and competitiveness of SMEs and revealed that support resources and intervention tools from the Government are limited. On the other hand, the last two years have also brought a positive change in the trend with a positive increase between the number of new businesses registered and the number of businesses closed. In this regard, this work analyzes the effects of the most recent economic crises on SMEs within the Republic of Moldova. Methodologically, this study uses secondary data analysis provided by: the National Bureau of Statistics, national and international reports, as well as the most recent references in this field of research. In addition to the approach based on statistical data, this research also includes the latest data from business surveys to assess the impact of crises through the perception of entrepreneurs.
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Narin, Müslüme, and Akın Marşap. "Economies of Turkic Republics after 2008 Global Crisis and their Commercial Relations with Turkey." In International Conference on Eurasian Economies. Eurasian Economists Association, 2010. http://dx.doi.org/10.36880/c01.00220.

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In 2008, world economy has faced with the largest crisis, since the great depression in1929. The economic crisis, which started at financial markets, has turned into dramatic occasion in the second half of 2008 and got under control real economy. As a result of globalism, this crisis has affected developing economies as much as developed economies. Growth rate of Turk Republics and Turkey has decreased with the effect of the crisis. The aim of this paper is to analyze Turkic Republics economies after global crisis and their commercial relations with Turkey. By this way, first the causes of the global crisis and its effects on world economy will be focused and then, all of the economical situation of the Turkic Republics and global crisis has affected on its will be discussed. Finally, Turkic Republics commercial relations with Turkey will be inquired.
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Reports on the topic "Economic crisis"

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Morales, Juan Antonio, and Jeffrey Sachs. Bolivia's Economic Crisis. Cambridge, MA: National Bureau of Economic Research, June 1988. http://dx.doi.org/10.3386/w2620.

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Feldstein, Martin. Reducing the Risk of Economic Crisis. Cambridge, MA: National Bureau of Economic Research, February 1991. http://dx.doi.org/10.3386/w3620.

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Simon, Sheldon W. The Economic Crisis and Asean States' Security. Fort Belvoir, VA: Defense Technical Information Center, October 1998. http://dx.doi.org/10.21236/ada358009.

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Lusardi, Annamaria, Daniel Schneider, and Peter Tufano. The economic crisis and medical care usage. Cambridge, MA: National Bureau of Economic Research, March 2010. http://dx.doi.org/10.3386/w15843.

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Hallerberg, Mark, and Carlos Scartascini. Economic Crisis and Fiscal Reforms in Latin America. Inter-American Development Bank, January 2011. http://dx.doi.org/10.18235/0011198.

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The recent financial crisis has initiated pressures for not only policy reform but also fundamental institutional fiscal reforms. This paper explores the connection between economic crises and fiscal institutional reforms in a region that has experienced plenty of both in recent years, namely Latin America. For that purpose it reviews the literature and provides five hypotheses about why, and under what circumstances, crises would promote reforms. The empirical evidence shows that debt crises make reforms more likely but banking crises on their own, if anything, reduce the pressure for fiscal institutional reforms. Political institutions are also important. If the electoral system encourages the personal vote, the country is more likely to reform. This evidence may become useful for predicting the likelihood of reforms in the developed world.
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Dolls, Mathias, Clemens Fuest, and Andreas Peichl. Automatic Stabilizers and Economic Crisis: US vs. Europe. Cambridge, MA: National Bureau of Economic Research, August 2010. http://dx.doi.org/10.3386/w16275.

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Maclean, Johanna Catherine, Justine Mallatt, Christopher Ruhm, and Kosali Simon. Economic Studies on the Opioid Crisis: A Review. Cambridge, MA: National Bureau of Economic Research, November 2020. http://dx.doi.org/10.3386/w28067.

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Bruno, Michael. Israel's Crisis and Economic Reform: A Historical Perspective. Cambridge, MA: National Bureau of Economic Research, August 1989. http://dx.doi.org/10.3386/w3075.

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Sinn, Hans-Werner. American Economic Policy and the International Debt Crisis. Cambridge, MA: National Bureau of Economic Research, December 1990. http://dx.doi.org/10.3386/w3532.

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Lawrence, Steven Lawrence. Foundations Address the Impact of the Economic Crisis. New York, NY United States: Foundation Center, April 2009. http://dx.doi.org/10.15868/socialsector.9338.

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