Global financial crisis News, Research and Analysis - The Conversation (2024)

Table of Contents
Displaying 1 - 20 of 192 articles Can you make a compelling play about economics? The Lehman Trilogy tries – but ultimately comes upshort Critics of ‘woke capitalism’ want to return to a time when money was the only value. But it neverexisted FTX and Binance: how latest crypto scandals could influence public opinion on digital currencyregulation Financial crises damage people’s mental health – our global review shows who is worstaffected Bank CEOs set the tone from the top when it comes to risky behaviour — newresearch Australia’s not likely to catch a cold, just a sniffle from China’s economicdownturn UK government wants to make pension pots bigger with riskier investments – but it faces bigchallenges The US role in the global financial system is changing – here’s how it could affect the world’seconomy US banking failures: the role of big auditors in another financialcrisis Digital bank runs: social media played a role in recent financial failures but could also help investors avoidpanic Small businesses seek to avoid possible credit crunch as Federal Reserve raises rates oncemore Soaring interest rates contributed to recent bank failures – and there could be more tocome Worst bank turmoil since 2008 means Federal Reserve is damned if it does and damned if it doesn’t in decision over interestrates Silicon Valley Bank biggest US lender to fail since 2008 financial crisis – a finance expert explains theimpact Austerity has its own life – here’s how it lives on in futuregenerations Banking reforms could make the UK a sustainable finance hub, but also threaten financialstability Retailers may see more red after Black Friday as consumers say they plan to pull back on spending – acting as if the US were already in arecession Bankers need to be personally liable to avoid future financial crises — newresearch How to understand what’s going on with UK mortgagerates Related Topics Top contributors Links FAQs

Displaying 1 - 20 of 192 articles

Can you make a compelling play about economics? The Lehman Trilogy tries – but ultimately comes upshort

Alexander Howard, University of Sydney

While there is much to praise in The Lehman Trilogy, now playing in Sydney, the impression I was left with was one of a missed opportunity.

Critics of ‘woke capitalism’ want to return to a time when money was the only value. But it neverexisted

Carl Rhodes, University of Technology Sydney

Conservative critics argue the ‘social responsibility’ of business lies in increasing profits. But values have always been tied up with money-making, from the welfare state to colonialism.

FTX and Binance: how latest crypto scandals could influence public opinion on digital currencyregulation

Pepper Culpepper, University of Oxford

The general public may want tighter crypto regulations but is the UK government listening?

Financial crises damage people’s mental health – our global review shows who is worstaffected

Ben Gibson, De Montfort University; Jekaterina Schneider, University of the West of England, and Mark Forshaw, Edge Hill University

Our global review of research into the link between financial crises and mental health highlights three key challenges: stigma, stress and social roles

Bank CEOs set the tone from the top when it comes to risky behaviour — newresearch

Alper Kara, Brunel University London; Artur Semeyutin, University of Huddersfield, and Said Kaawach, University of Huddersfield

Our study shows the way bank bosses talk about risk can negatively affect financial stability.

There are several good reasons why fears that a recession in China could spark a recession in Australia need to be kept in perspective.

UK government wants to make pension pots bigger with riskier investments – but it faces bigchallenges

Alan Shipman, The Open University

The potential gains may be great, but the risks of softer regulation are pretty big too.

The US role in the global financial system is changing – here’s how it could affect the world’seconomy

Steve Schifferes, City, University of London

Why the US may not always be able to lead global economic rescue efforts.

US banking failures: the role of big auditors in another financialcrisis

Atul K. Shah, City, University of London

Is private sector auditing of large financial institutions fit for purpose?

Digital bank runs: social media played a role in recent financial failures but could also help investors avoidpanic

Daniel Beunza, City, University of London

Digital bank runs are a new threat to financial stability.

Small businesses seek to avoid possible credit crunch as Federal Reserve raises rates oncemore

D. Brian Blank, Mississippi State University and Brandy Hadley, Appalachian State University

Concerns about a decline in lending to small businesses are growing as the Fed raised rates for the 10th time in a little over a year.

Soaring interest rates contributed to recent bank failures – and there could be more tocome

John Whittaker, Lancaster University

The failure of Silicon Valley Bank has exposed gaps in financial regulation that could be tricky to fill.

Worst bank turmoil since 2008 means Federal Reserve is damned if it does and damned if it doesn’t in decision over interestrates

Alexander Kurov, West Virginia University

Big interest rate hikes could cause more market turmoil, while doing too little could have the same effect.

Silicon Valley Bank biggest US lender to fail since 2008 financial crisis – a finance expert explains theimpact

William Chittenden, Texas State University

SVB, as it’s known, collapsed with lightning speed following a run on its deposits.

Austerity has its own life – here’s how it lives on in futuregenerations

Sarah Marie Hall, University of Manchester

Public spending cuts and the soaring cost of living will not only affect people lives now, but could trickle down through generations.

Banking reforms could make the UK a sustainable finance hub, but also threaten financialstability

Alper Kara, University of Huddersfield

New green finance measures aside, UK chancellor Jeremy Hunt’s Edinburgh reforms look like history repeating itself.

Robert Webb, University of Stirling

The government wants to make UK finance more competitive after the damage caused by Brexit.

Retailers may see more red after Black Friday as consumers say they plan to pull back on spending – acting as if the US were already in arecession

Ayalla A. Ruvio, Michigan State University and Forrest Morgeson, Michigan State University

A new survey suggests three ways consumers are behaving like the US economy is in crisis, which may become a self-fulfilling prophecy.

Bankers need to be personally liable to avoid future financial crises — newresearch

David Blake, City, University of London

New research suggests financial regulators will never win.

How to understand what’s going on with UK mortgagerates

Robert Webb, University of Stirling

Borrowers want to know when soaring mortgage rates will go down again.

Related Topics

  1. 2007-08 financial crisis
  2. Banking
  3. Banks
  4. Debt
  5. Economics
  6. Finance
  7. Financial regulations
  8. Global economic shakeout
  9. Global economy
  10. Lehman Brothers

Top contributors

  1. Richard Holden

    Professor of Economics, UNSW Sydney

  2. Alan Shipman

    Senior Lecturer in Economics, The Open University

  3. James Laurenceson

    Director and Professor, Australia-China Relations Institute (ACRI), University of Technology Sydney

  4. Pat McConnell

    Visiting Fellow, Macquarie University Applied Finance Centre, Macquarie University

  5. Alper Kara

    Professor of Banking and Finance, Brunel University London

  6. Robert Webb

    Professor of Banking & Applied Economics, University of Stirling

  7. Peter Martin

    Visiting Fellow, Crawford School of Public Policy, Australian National University

  8. Colm Harmon

    Professor of Economics, University of Sydney

  9. Andre Spicer

    Professor of Organisational Behaviour, Bayes Business School, City, University of London

  10. Guay Lim

    Professorial Research Fellow, Melbourne Institute, The University of Melbourne

  11. Justin O'Brien
  12. Atul K. Shah

    Professor, Accounting and Finance, City, University of London

  13. Thomas Clarke

    Professor, UTS Business, University of Technology Sydney

  14. Anastasia Nesvetailova

    Professor of IPE, Director of City Political Economy Research Centre (CITYPERC), City, University of London

  15. Steve Keen

    Honorary Professor of Economics, UCL

More

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Global financial crisis News, Research and Analysis - The Conversation (2024)

FAQs

What were the key points of the global financial crisis? ›

During the GFC, a downturn in the US housing market was a catalyst for a financial crisis that spread from the United States to the rest of the world through linkages in the global financial system. Many banks around the world incurred large losses and relied on government support to avoid bankruptcy.

What were the responses to the financial crisis? ›

There were well-founded fears that the world economy was at risk of another depression similar to the 1930s. Macroeconomic policy in many countries responded: Large conventional/unconventional monetary easing involving deep cuts in policy interest rates and quantitative easing.

Which statement best explains financial crisis in the global? ›

Which statement best explains financial crises in the global economy? A financial crisis in one country can quickly spread to other countries.

Will there be a global recession in 2024? ›

Data for 2024 is a forecast. UN Trade and Development (UNCTAD) forecasts global economic growth to slow to 2.6% in 2024, just above the 2.5% threshold commonly associated with a recession. This marks the third consecutive year of growth below the pre-pandemic rate, which averaged 3.2% between 2015 and 2019.

What were the three most important causes of the 2008 global financial crisis? ›

The collapse of the housing market — fueled by low interest rates, easy credit, insufficient regulation, and toxic subprime mortgages — led to the economic crisis.

Who did the global financial crisis affect? ›

Developing countries were severely hit by the global financial crisis, which originated in developing countries in late 2007. Economic growth in emerging and developing economies dropped dramatically from 13.8% in 2007 to 6.1% in 2008, and it fell to 2.1% in 2009 (IMF, 2009a, and 2010).

How did the US respond to the global financial crisis? ›

Federal Reserve response

On November 25, 2008, the Fed announced it would buy $800 billion (~$1.11 trillion in 2023) of debt and mortgage backed securities, in a fund separate from the 700-billion dollar Troubled Asset Relief Program (TARP) that was originally passed by Congress.

What was the worst financial crisis in history? ›

The financial crash and global recession of 2008 was "the worst economic disaster since the Great Depression of 1929", according to The Balance. The crash was triggered primarily by the collapse of the U.S. Housing Market, according to Investopedia.

What was the biggest financial crisis in history? ›

The Great Depression of 1929–39

Encyclopædia Britannica, Inc. This was the worst financial and economic disaster of the 20th century. Many believe that the Great Depression was triggered by the Wall Street crash of 1929 and later exacerbated by the poor policy decisions of the U.S. government.

What countries were most affected by the global financial crisis? ›

The Carnegie Endowment for International Peace reports in its International Economics Bulletin that Ukraine, as well as Argentina and Jamaica, were the countries most deeply affected by the crisis. Other severely affected countries were Romania, Ireland, Russia, Mexico, Hungary, the Baltic states.

How to survive a global financial crisis? ›

  1. Have an Emergency Fund.
  2. Live Within Your Means.
  3. Have Additional Income.
  4. Invest for the Long Term.
  5. Be Real About Risk Tolerance.
  6. Diversify Your Investments.
  7. Keep Your Credit Score High.
  8. Frequently Asked Questions.

Which of the following have been blamed for the global financial crisis? ›

The Biggest Culprit: The Lenders

Most of the blame is on the mortgage originators or the lenders. That's because they were responsible for creating these problems. After all, the lenders were the ones who advanced loans to people with poor credit and a high risk of default.

Will there be a depression in 2024? ›

While it is difficult to predict a recession in advance, the current state of the economy makes the possibility of a recession appear less likely in 2024.

Is Japan in a recession? ›

Japan has avoided falling into a technical recession after its official economic growth figures were revised. The revised data shows gross domestic product (GDP) was 0.4% higher in the last three months of 2023 compared to a year earlier.

What do economists predict for 2024? ›

On an annual-average over annual-average basis, the forecasters expect real GDP to grow at an annual rate of 2.5 percent in 2024 and 1.9 percent in 2025. These annual projections are 0.1 percentage point higher than the previous estimates of three months ago.

Why was the global financial crisis important? ›

The 2008-09 financial crisis sent the world into the Great Recession, the most significant economic downturn since the Great Depression. New legislation aimed to regulate financial activities, while also bailing out important industry sectors.

What was the global financial crisis of 2008 and its impacts? ›

The Aftermath of the Global Financial Crisis of 2008-2009

When they could not pay, financial institutions took major hits. The government, however, stepped in to bail out banks. The housing market was deeply impacted by the crisis. Evictions and foreclosures began within months.

What were the global effects of the 2008 financial crisis? ›

The Great Recession didn't just affect the United States; all countries with rapid credit growth and large account deficits were impacted. Global trade nearly collapsed, declining by 15% between 2008 and 2009. Global unemployment rose by 3 percent between 2007 and 2010 for an astounding 30 million total jobs lost.

What are the three stages of a financial crisis? ›

progressed in two and sometimes three stages: (1) Initiation of Financial Crisis. (2) Banking Crisis. (3) Debt Deflation.

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