#financial crises

Financial crises require governments. ↗

— Timothy Geithner

#financial #financial crises #governments #require

Firstly, economic globalisation has brought prosperity and development to many countries, but also financial crises to Asia, Latin America and Russia, and increasing poverty and marginalisation. ↗

— Anna Lindh

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Fiscal crises often turn into financial crises, dealing a blow to the real economy. ↗

— Lee Myung-bak

#crises #dealing #economy #financial #financial crises

At present, financial crises occur, chiefly because the paper currency is redeemable in gold only. ↗

— John Buchanan Robinson

#chiefly #crises #currency #financial #financial crises

Financial crises are like fireworks: they illuminate the sky even as they go pop. ↗

— James Buchan

#even #financial #financial crises #fireworks #go

There is a basic lesson on financial crises that governments tend to wait too long, underestimate the risks, want to do too little. And it ultimately gets away from them, and they end up spending more money, causing much more damage to the economy. ↗

— Timothy Geithner

#basic #causing #crises #damage #economy

In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems. ↗

— Timothy Geithner

#concentrated #crises #financial #financial crises #financial system

Financial crises are an unfortunate but necessary consequence of modern capitalism. ↗

— Andrew Lo

#consequence #crises #financial #financial crises #modern