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Title: Black Swans, Crisis Economics, and Globalization: A Critical Appraisal
Author(s): Illgner, Astrid
Platt, Juhani
Taylor, Brandon
Keywords: Finance
Issue Date: 29-Jun-2011
Abstract: The severity of the recent global financial crisis has sparked intense debate among economists, politicians, and the public regarding the factors that led to the downturn, as well as the future of U.S. fiscal policy. Amidst the debate, general sentiment is echoed in a question from New York Times columnist and author Andrew Ross Sorkin: “could the financial crises have been avoided? That is the $1.1 trillion question3⁄4the price tag of the bailout thus far. The answer to that question is ‘perhaps’.”1 In the search for causes, we are also examining the nature of our economy, the roles financial institutions and government play within it, and hopefully an insight that can shelter us from unforeseen hazards.
Type: Article
ISSN: 1947-2633
Appears in Collections:Volume 5, Number 1 (2011)

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