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Structural Imbalances and Financial Crises Proliferation

Kristijan Kotarski   ORCID icon orcid.org/0000-0001-9500-6760 ; Faculty of Political Science, University of Zagreb, Zagreb, Croatia

Puni tekst: engleski, pdf (1 MB) str. 69-90 preuzimanja: 585* citiraj
APA 6th Edition
Kotarski, K. (2009). Structural Imbalances and Financial Crises Proliferation. Politička misao, 46 (3), 69-90. Preuzeto s https://hrcak.srce.hr/50930
MLA 8th Edition
Kotarski, Kristijan. "Structural Imbalances and Financial Crises Proliferation." Politička misao, vol. 46, br. 3, 2009, str. 69-90. https://hrcak.srce.hr/50930. Citirano 13.12.2019.
Chicago 17th Edition
Kotarski, Kristijan. "Structural Imbalances and Financial Crises Proliferation." Politička misao 46, br. 3 (2009): 69-90. https://hrcak.srce.hr/50930
Harvard
Kotarski, K. (2009). 'Structural Imbalances and Financial Crises Proliferation', Politička misao, 46(3), str. 69-90. Preuzeto s: https://hrcak.srce.hr/50930 (Datum pristupa: 13.12.2019.)
Vancouver
Kotarski K. Structural Imbalances and Financial Crises Proliferation. Politička misao [Internet]. 2009 [pristupljeno 13.12.2019.];46(3):69-90. Dostupno na: https://hrcak.srce.hr/50930
IEEE
K. Kotarski, "Structural Imbalances and Financial Crises Proliferation", Politička misao, vol.46, br. 3, str. 69-90, 2009. [Online]. Dostupno na: https://hrcak.srce.hr/50930. [Citirano: 13.12.2019.]

Sažetak
This article deals with fundamental concepts that are the prime cause of financial
crises proliferation such as fractional reserve banking system, overleveraging
and structural imbalances created in such a fashion. It examines these
issues in a completely new manner shedding the light on their alternative interpretation
which contrasts conventional wisdom. Unchecked money supply
is characterized as the main problem that causes overleveraging, which in turn
reinforces property bubbles. The pattern of economic growth that is heavily
dependant on rising debt is completely unsustainable. Inflation and increased
taxes in order to serve public debt obligations under the privately-owned fractional
reserve banking system are not only its by-products but also its vital
components. The very logic of the compound interest problem causes spiraling
debt, which cannot be supported by constant economic growth that is limited
against the finite nature of Earth’s natural resources. Pending reform of
the present monetary system is key to the solution of most contentious issues
in the global economy.

Ključne riječi
structural imbalances; fractional reserve banking system; financial leverage; financial sector; financial crises; sustainable economic growth

Hrčak ID: 50930

URI
https://hrcak.srce.hr/50930

[hrvatski]

Posjeta: 944 *