Moving out of the recession
economy
Nov 19
Oct 05
Minsky's theory of financial crises
Hyman Minsky has proposed a simplified explanation that is most applicable to a closed economy. He theorized that financial fragility is a typical feature of any capitalist economy. High fragility leads to a higher risk of a financial crisis. To facilitate his analysis, Minsky defines three types of financing firms choose according to their tolerance of risk. They are hedge finance, speculative finance, and Ponzi finance. Ponzi finance leads to the most fragility.
Oct 01
Economic disasters
An economic disaster is the widespread disruption or collapse of a national or regional economy, possibly causing financial panic, hoarding, famine, hyperinflation, political upheaval or revolution. Some of these occurrences are short-lived, while others last many years. Economic disasters are rarely the product of purely economic forces such as the stock market or monetary policy. Political and natural forces, such as hurricanes or droughts, can also play roles.
Sep 28
2008 Russian financial crisis
The 2008 Russian financial crisis is an ongoing crisis on Russian markets, as nervousness over the global banking crisis has been compounded by political fears after the war with Georgia, as well as renewed concern about state intervention in corporations of strategic interests. Russia's economy is also heavily dependent on energy prices, especially oil which has lost more than a third of its value since its record peak of USD 147 on July 11, 2008.
Aug 09
Economy of Drobeta Turnu Severin
The development of the town as well as the prosperity of its inhabitants is due to the setting up of the port (1851) and of the ship repair shop (1858) which was the first in our country and became the centre of the future shipyard which was to become the most important one in the 1914 Romania and one of the most significant shipyards on the Danube.
The port
Aug 03
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