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Title: Crisis, response and innovation in Europe
Authors: Oldani, Chiara
Savona, Paolo
Keywords: Financial crisis;European regulation
Issue Date: 2011
Publisher: Ashgate Publishing
Source: Savona, P., Oldani, C. 2011. Crisis, response and innovation in Europe. In: Savona, P., Kirton, J.J., Oldani, C. (eds.). Global financial crisis: global impact and solutions. Farnham, Ashgate Publishing, pp. 51-64
The close economic ties between Europe and the United States and the City of London’s crucial global monetary and financial role were the conduits for the lightning-fast spread of the crisis triggered by the sub-prime mortgage defaults in the U.S. and the consequent fall in global real aggregate demand. The effects of this twofold crisis differed among euro area countries, among non-euro European Union countries, and among such neighbouring non-members as Turkey and Russia. The differences appear to have been sharpest in the euro group.
ISBN: 978-1-4094-0271-8
Appears in Collections:DEIM - Archivio della produzione scientifica

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