NOVELTY AND RECURRENCE IN CAPITALISM'S CRISES

被引:0
|
作者
Burnete, Sorin [1 ]
机构
[1] Lucian Blaga Univ, Sibiu, Romania
关键词
capital mobility; balance-of-payments crisis; foreign exchange market intervention;
D O I
暂无
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
Globalization has laid conspicuous imprints on the business cycle: while the banking industry is going global, the unfettered capital mobility is exposing national economies to ever more serious macroeconomic risks. Since globalization is widely perceived as an American artefact, when crises outburst, the culprits are always the same two: capitalism as a system and America as a greedy, presumptuous super-power.
引用
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页码:104 / 107
页数:4
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