|
|
::: The Globalized Economic Crisis
In 2008 the Professors in the Economics faculty of Humboldt-Universität zu Berlin joined forced to create
the German language based "Ring Vorlesungen" to discuss the dynamic,
dramatic effects of the financial crisis in all areas of the
Wirtschaftswissenschaften.
This is the podcast of the lecture "The Globalized Economic Crisis", held by Prof. Michael Burda, Ph.D. on April 17, 2009
In September 2008 the International Monetary Fund estimated the extent
of global losses due to the financial crisis at $1.3b. In the meantime,
financial losses in the US alone appear to have reached between $3.5 and
$4 b –roughly a quarter of US GDP. The financial crisis has mutated in the
past six months to a full-blown economic crisis that threatens to exceed
the severity of the Great Depression. This lecture sketches the factors
which led to the banking and financial crisis, attempts to quantify the
extent of the current recession which has resulted, examines current
bailouts and stimulus packages, and offers an assessment of where we
can expect to go from here, given the world's long history of financial
crises.
The Globalized Economic Crisis, Part I, Prof. Michael Burda, Ph.D.
The Globalized Economic Crisis, Part II, Prof. Michael Burda, Ph.D.
|
|
