NBERWorking Paper No. The state of child and adolescent psychiatry in Greece during the international financial crisis: a brief report. Reflections on the Law of Science, Technology and Innovation]. Espinosa, J. C. (2013).

The financial crisis and the future of mental health in Greece. La ciencia en España. Carballo, F. (2011). 0000000587 00000 n These results are in agreement with what was described in the introduction (Acha-rya & Richardson, 2009; Archarya & Schnabl, 2010; Crotty, 2009; Vasco & Porporatto, 2011).

On the other hand, issues such as lack of preparation of the governments and inadequate policy response, as well as fraud and unethical behavior were the most important causes of the crisis outside financial institutions, which is related to what was described by some analysts (Adams, 2012; Beltratti & Stulz, 2012; Wallison, 2009).There were no differences among the fields of knowledge and taking into account the geographic zones, USA/Canada and Australia are the zones with the highest scores and Asia is the zone with the lowest score with respect to the responsibility inside the financial institutions. This means to reduce the value of your exchange rate. Confirmatory Factor Analysis with AMOS confirmed the two factors, which are shown in the The analysis of items in each factor led the authors conclude that Subscale 1 groups the items related to the management and responsibility inside the financial institutions that originate the crisis. You may need to download version 2.0 now from the Financial Crisis Inquiry Commission, 2011) and since then, governments put into practice policies to palliate its effect. These long term policies should involve:These kind of policies are sustainable and actually, make a big difference to long term budget situation. These and similar causes put the financial institutions in a spotlight as the most important agents, which promoted policies leading to the crisis, criticism received in many occasions from the principal world leaders (Vasco & Porporatto, 2011).On the other hand, research attributes the principal cause of the economic crisis to the central and governmental policies.

Cuttings and austerity now is affecting the quality of crucial sectors such as science, education or healthcare system (Baker, Bloom, & Davis, 2013) also having negative effects on the psychological well being of the population (Anagnostopoulos & Sumaki, 2013; Christodou-lou & Anagnostopoulos, 2013; Gili, Roca, Basu, Mckee, & Stuckler, 2012).Taking into account this difficult situation and the impact of the crisis on the population, the objective of this study consisted on describing the opinion of the world scientific community about the causes and possible solutions to the crisis, comparing different geographic zones and fields of knowledge. The credit crisis around the globe: Why did some banks perform better?. The economic downturn started in the United States between 2007-2008. On the other hand, another possible solution would be related to the promotion of the private initiative, giving more freedom to the companies, decreasing taxation and cutting public spending. The objective consisted of collecting and analyzing the opinion of the world scientific community on the causes and possible solutions to the crisis. The causes of the crisis described in those zones are related to high levels of poverty currently exacerbated by inflation in food prices and main raw materials, as well as political corruption of last decade (Mesa-Lago & Carmel, 2009; Rojas, 2009).As already described, the impact of the crisis is different in different parts of the world and there is no agreement in relation to its causes. Financial Crisis Inquiry Commission. on public health, education, infrastructure, public establishments, etc.) The effect of the economic and financial crisis on government revenue and expenditure. (2015). [ Rose, A. K., & Spiegel, M. M. (2012). Another important issue is the lack of financial regulation related to mortgage and credits, impossible to be assumed by the banks (Crotty, 2009). On the other hand, Subscale 2 groups items are related to the responsibility and management outside the financial institutions. Mount Holyoke College . (2008). (2011). Cluster 2 with 15.2% of participants shows similar tendency, although much more extreme than Cluster 1 (more moderate), also being in agreement with giving more freedom to private institutions to operate, and in disagreement with increasing taxation or promoting mostly public employment. Kilian, L., & Hicks, B. Los resultados muestran que las causas de la crisis económica dependieron de la gestión interna y externa de las instituciones financieras.

0000003525 00000 n La crisis financiera: ¿estafa, mala gestión empresarial, mal manejo macroeconómico o una falta de regulaciones? (see: ERM Crisis) Devaluing exchange rate makes exports cheaper which helps boost growth. (2011). (2013). Among different possible solutions to the crisis, probably the most commonly adopted are related to public spending, control of private institutions, taxation, public employment and private employment. At the same time, after the bankruptcy of Lehman Brothers in September 2008 (Allen & Carletti, 2010), Espinosa (2013) described three main causes of the crisis: deficient management of the world macroeconomics, inadequate financial regulations, which were related to the US governments (Wallison, 2009), and the rapid growth of the over the counter (OTC) derivatives related to the negotiations of financial instruments such as shares, bonds, row material or mortgage derivatives. The clusters can be seen in Cluster 1 with 50% of participants is in agreement with austerity and cutting public spending, in disagreement with giving more freedom to private institutions and in agreement with promoting mostly private employment. The highest percentage of participants was in agreement with a solution that promotes private initiative but also with governmental help and control.La actual crisis económica iniciada en los EEUU entre 2007 y 2008, y sus causas todavía se están discutiendo. This would lead to an effective fall in their exch…

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