الفهرس | Only 14 pages are availabe for public view |
Abstract The cyclical movements, represented in expansions and contractions, in the economy are typical for market economies”, and one of the most important lesson of the financial history is that sooner or later every bubble bursts (Ferguson, 2008). The contractions in the economy are usually referred to as crisis. The issues of crisis are studied even in XIX century by Marx, who pointed out that the existence of crisis in the capitalism is conditioned by the inability of producers to sell goods in determined time, which then cause the inability of the realization of the whole series of payments (Marks, 1978) and in XX century by Keynes whose key point was that effective market demand represents the central problem of modern capitalism (Kejnz, 1956). These thesis have become once more evident with the realization of the current financial crisis. |