Cover of P. Arestis, E. Karakitsos: Financial Stability in the Aftermath of the 'Great Recession'

P. Arestis, E. Karakitsos Financial Stability in the Aftermath of the 'Great Recession'

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Palgrave Macmillan UK

2013

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978-1-137-33396-4

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The financial crisis and the ensued 'great recession' are primarily caused by the excessive liquidity that was created in the last thirty years or so of inequality that benefited greatly the financial sector, deregulation and financial liberalisation as well as financial innovation.

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