<abstract xmlns="http://www.w3.org/1999/xhtml"><p>This paper offers an analysis of the road from subprime and eurozone crisis to the elements of a new systemic crisis. Our aim is to research common issues that accompany each of these crises and to explore elements that hint that the financial systems are moving toward a new crisis. By holding short-term interest rates near zero, the central banks have encouraged malinvestment and speculation. Fuelling the bubble is the fear of missing out on trade. We find that actual events and movements on security markets follow a typical pattern, which indicates a serious threat for the next financial crisis. We also find enough signs that old crises lessons haven’t been learned.</p></abstract>

This paper offers an analysis of the road from subprime and eurozone crisis to the elements of a new systemic crisis. Our aim is to research common issues that accompany each of these crises and to explore elements that hint that the financial systems are moving toward a new crisis. By holding short-term interest rates near zero, the central banks have encouraged malinvestment and speculation. Fuelling the bubble is the fear of missing out on trade. We find that actual events and movements on security markets follow a typical pattern, which indicates a serious threat for the next financial crisis. We also find enough signs that old crises lessons haven’t been learned.

From Subprime and Eurozone Crisis with Full Speed into the Next Financial Crisis

Naše gospodarstvo/Our economy

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"From Subprime and Eurozone Crisis with Full Speed into the Next Financial Crisis"}

This paper offers an analysis of the road from subprime and eurozone crisis to the elements of a new systemic crisis. Our aim is to research common issues that...

From Subprime and Eurozone Crisis with Full Speed into the Next Financial Crisis

Online veröffentlicht: 23. Sept. 2017

Seitenbereich: 3 - 11

Eingereicht: 01. Juli 2017

Akzeptiert: 01. Aug. 2017

DOI: https://doi.org/10.1515/ngoe-2017-0013

Schlüsselwörter
financial crisis, bubble, P/E ratio

© 2017 Sebastjan Strašek, published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

From Subprime and Eurozone Crisis with Full Speed into the Next Financial Crisis

Online veröffentlicht: 23. Sept. 2017

Seitenbereich: 3 - 11

Eingereicht: 01. Juli 2017

Akzeptiert: 01. Aug. 2017

DOI: https://doi.org/10.1515/ngoe-2017-0013

Schlüsselwörterfinancial crisis, bubble, P/E ratio

© 2017 Sebastjan Strašek, published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Schlüsselwörter
financial crisis, bubble, P/E ratio