Abstract
The financial crashes of the 1990s have been blamed on financial liberalization, political crises, and changes in U.S. interest rates and the value of the dollar. In reality these crashes, unlike previous ones, were rooted in a clash between a global investment community that favored private property and free markets, and governments that did not.
| Original language | English |
|---|---|
| Pages (from-to) | 165-184 |
| Number of pages | 20 |
| Journal | Independent Review |
| Volume | 6 |
| Issue number | 2 |
| State | Published - 2001 |
ASJC Scopus Subject Areas
- Geography, Planning and Development
- Earth-Surface Processes
Keywords
- financial crashes
- financial liberalization
- free markets
- global investment community
- globalization era
- interest rates
- political crises
- private property
Disciplines
- Economics