Stairways to Hell (Historical Interventionism as a Truly Roots of Current Global Economic Crisis)

Yıl 2014, Cilt: 3 Sayı: 1, 23 - 32, 15.01.2014

Marco Djogo Tamarra Starovlah Djogo

Öz

Economic crisis in Euro- Atlantic economy came in it¢s fifth year although governments of developed countries have taken all measures that they were using more or less successfully in last 60 years. And while governments keep looking for more drastically measures to end the crisis, we believe that the time has come for analyzing this situation from another angle. That angle is integral historical analyses of actual roots of this crisis instead of shallow partial analysis that take place these days.

Anahtar Kelimeler

Economic Crisis, State Intervention, Free Market

Kaynakça

• Banking agency of Republic of Srpska: “Decision on Minimum Standards for Banks’ Credit Risk Management and Asset Classification”, Official Gazette of Republic of Srpska Number 12/03, 85/04, 01/06, Banja Luka, 2006.
• Bank of England, History/Timeline, http://www.bankofengland.co.uk/about/Pages/history/timeline.aspx
• Bertay , Demirgüç-Kunt , Huizinga H, „Bank Ownership and Credit over the Business Cycle Is Lending by State Banks Less Procyclical?” The World bank, WBS 6110, Washington D.C, 2012.
• Djogo M, “Story about money: history of money and monetary police”, RS Associations of Economists - SWOT, Banja Luka, 2012.
• http://en.wikipedia.org/wiki/History_of_central_banking_in_the_United_States
• IMF Country Report No 09/185, “Republic of Croatia: 2009 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Croatia”, Washington D.C, 2009.
• IMF Country Report No 10/348: “Bosnia & Herzegovina: 2010 Article IV Consultation, Second and Third Reviews Under the Stand-By Arrangement, Request for Waiver of Nonobservance of a Performance Criterion, and Rephasing of Purchases”, Washington D.C, 2010.
• Marshall D, „Origins of the use of Treasury debt in open market operations:Lessons for the present“, Federal Reserve Bank of Chicago, 1Q/2002, Economic Perspectives, Chicago, 2002.