RT Journal Article
T1 Lending Calling. Recession by Over-Indebtedness: Description and Specific Features of the Spanish Case
A1 Sanabria Martín, Antonio
A1 Medialdea García, Bibiana
AB Following the approaches of Fisher, Koo, and in particular Minsky, this article describes recent developments in the Spanish economy. These authors’ theories of financial fragility, and the extension of analysis of the recession to also include the expansionary period, are very useful when it comes to understanding the boom (1994-2008) and subsequent collapse of the Spanish economy. Both processes are part of the same phenomenon: the binomial relation between debt and the asset bubble, amplified by the use of external financing, and the subsequent process of slow deleveraging. Alongside said analytical elements, and considering Spain’s membership in the Eurozone monetary union system, this characterisation of the euphoria and subsequent balance-sheet recession further identifies specific features of the Spanish economy that informed current outcomes.
PB Savez Ekonomista Vojvodine
SN 1452-595X
YR 2016
FD 2016
LK https://hdl.handle.net/20.500.14352/23574
UL https://hdl.handle.net/20.500.14352/23574
LA eng
DS Docta Complutense
RD 16 may 2024