NEW AND PAST CRISES: RESEMBLANCES AND DISSIMILARITIES

Abstract

Economic crises are a recent research topic in modern economics. However, one may address the crisis in different contexts and in different time and historic moments. We review below the most important crises that humankind had faced in the past century, aiming at discovering similarities with the current financial crisis, which may help in formulating the appropriate measures and policies for preventing future major financial turbulences.financial crisis, capital markets