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Issue:

Business

 

Written by:

Billie M

 

Date added:

May 4, 2016

 

Level:

University

 

Grade:

B

 

No of pages / words:

10 / 2749

 

Was viewed:

9876 times

 

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Essay content:

On the other hand, the monetarists see the financial system as stable and efficient where crises not only are rare but also are the fault of the government rather than the financial system as such. For many others, however, financial crises may be largely attributable to the financial system but they are also neither inescapable nor inherent in a capitalist economy...
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the frequency of financial crises partly depends on our definition of crisis. A financial crisis has been defined by Goldsmith as "a sharp, brief, ultra-cyclical deterioration of all or most of a group of financial indicators - short-term interest rates, asset (stock, real estate, land) prices, commercial insolvencies and failures of financial institutions"...
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