Animal Spirits seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
The US government’s debt burden continues to rise, but the side effects aren’t confined to the US economy. The risks of a US sovereign default are exported to interbank funding markets worldwide, impacting interbank default risks and creating challenges in other countries. Recent research provides insights into this consequential link.
Financial crises have plagued economies worldwide for decades and have been the subject of much analysis, partly in the hopes of averting their devastating effects in the future. What are the four main types of financial crises, and what have we learned so far about what contributes to their creation and the measures taken to combat them?