Abstract

AMARAL, Luciano. Financial crisis: history and present. Relações Internacionais [online]. 2009, n.23, pp.119-138. ISSN 1645-9199.

As permanent features of History, financial crises have preceded and will therefore also outlive capitalism. Nevertheless, there are types of credit, debt and crisis that are specific to the capitalist system. Even before large capitalist companies started to borrow large amounts of credit, states felt this necessity. As in past cases, the present crisis results from a combination of legislative changes, monetary policies, relaxation of supervision as well as of credit concession criteria, and credit growth through the adoption of new instruments.

Keywords : financial and economic crises; world economy; capitalist system; economic history.

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