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Understanding Financial Crisis Through Accounting Models

04 januari 2011
foto Dirk Bezemer

From the beginning of the credit crisis and ensuing recession, it has become conventional wisdom that ‘no one saw this coming’. In fact, many had seen it coming for years, says Dirk Bezemer. ‘Many models missed the crisis not because the conditions were so unusual. They missed it by design. It is impossible to warn against a credit crisis and recession in a model world where credit does not exist. This is the world our policymakers have been living in.’

Bezemer, Associate Professor at the International Economics & Business department, is author of the paper Understanding Financial Crisis Through Accounting Models which is the next FEB Publication of the Month.

Laatst gewijzigd:04 juli 2014 21:23

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