Top

Published in:

2013 | OriginalPaper | Chapter

2. Impact of the 2008 Global Financial Crisis

Authors : Carol Yeh-Yun Lin, Leif Edvinsson, Jeffrey Chen, Tord Beding

Published in: National Intellectual Capital and the Financial Crisis in Greece, Italy, Portugal, and Spain

Publisher: Springer New York

Activate our intelligent search to find suitable subject content or patents.

search-config

AI-assisted search

Off

Abstract

This chapter first describes the common problems in Greece, Italy, Portugal, and Spain; next, it graphically compares the GDP growth, total general government debt, unemployment rate, and consumer price inflation of the four economies during 2005–2010, and then it elaborates on the impact of the 2008 global financial crisis on each country individually.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 390 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Maschinenbau + Werkstoffe

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

previous chapter Introduction

next chapter National Intellectual Capital Development of the Four Southern European Countries

Abboushi S (n.d.) Analysis and outlook of the Greek Financial Crisis. Retrieved from http://www.jgbm.org/page/9%20Suhail%20Abboushi.pdf

Altman RC (January 2, 2009) The great crash, 2008: a geopolitical setback for the west, Foreign Affair, the Council on Foreign Relations. Retrieved from http://www.foreignaffairs.com/articles/63714/roger-c-altman/the-great-crash-2008

Barnes S (2010) OECD Economic Surveys: Euro Area 2010, Resolving and avoiding unsustainable imbalances, Economics Department working paper No. 827. Retrieved from http://www.keepeek.com/Digital-Asset-Management/oecd/economics/oecd-economic-surveys-euro-area-2010/resolving-and-avoiding-unsustainable-imbalances_eco_surveys-euz-2010-5-en

BBC (April 24, 2009) Spain’s jobless rate soars to 17 %, BBC News. Retrieved from http://news.bbc.co.uk/2/hi/business/8016364.stm

BBC (February 13, 2012a) Timeline: the unfolding Eurozone crisis, BBC News. Retrieved from http://www.bbc.co.uk/news/business-13856580

Blavoukos S, Pagoulatos G (2008) The limits of EMU conditionality: fiscal adjustment in Southern Europe. Journal of Public Policy 28:229–253CrossRef

Bryant L (September 8, 2011) Growth expected to slow in world’s largest economies, Voice of America News. Retrieved from http://www.voanews.com/english/news/europe/OECD--Economic-Slowdown-Likely-to-Continue-129458543.html

Cecchetti SG, Mohanty MS, Zampolli F (2011) The real effects of debt. Bank for International Settlements (BIS), prepared for the “Achieving Maximum Long-run Growth” symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming, 25–27 August 2011

Central Intelligence Agency (CIA) (2011, 2012) The world factbook, U.S.A. Central Intelligence Agency. Retrieved from https://www.cia.gov/library/publications/the-world-factbook/geos/ch.html

Dilje.com. (November 28, 2008). Italy approves stimulus plan, analysts skeptical. Retrieved from http://dalje.com/en-economy/italy-approves-stimulus-plan-analysts-sceptical/208950

Dimireva I (October 28, 2009) Greece: economy overview, EUbusiness. Retrieved from http://www.eubusiness.com/europe/greece

Economy Watch (June 30, 2010a) Italy economic stimulus package. Retrieved from http://www.economywatch.com/economic-stimulus-package/italy.html

Economy Watch (June 30, 2010b) Portugal economic stimulus package. Retrieved from http://www.economywatch.com/economic-stimulus-package/portugal.html

Euro Challenge (2012) An overview of Portugal’s economy. Retrieved from http://www.euro-challenge.org/doc/Portugal.pdf

Eurofound (2010) Italy: annual review – 2010, Eurofound. Retrieved from http://www.eurofound.europa.eu/comparative/tn1105040s/it1105049q.htm

Europa (November 26, 2008). The commission launches a major recovery plan for growth and jobs, to boost demand and restore confidence in the European economy. Retrieved from http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/1771format=HTMLaged=0language=ENguiLanguage=en

European Commission. (2010). European innovation, Progress report 2009. Pro Inno Europe Paper No.17. Retrieved from http://www.insme.org/files/4221

Fackler M (October 23, 2008) Financial crisis spreads to emerging nations. The New York Times. Retrieved from http://www.nytimes.com/2008/10/24/business/worldbusiness/24won.html

First Post (August 8, 2011) PIIGS, first post. Retrieved from http://www.firstpost.com/topics/piigs-56382.html

Harrington C (April 2011) The Spanish financial crisis. International Finance and Development, University of Iowa. Retrieved from http://blogs.law.uiowa.edu/ebook/content/spanish-financial-crisis

Hugh E (May 9, 2010) Spain emerges from recession? Spain economy watch. Retrieved from http://spaineconomy.blogspot.com/2010/05/spain-emerges-from-recession.html

Knight L (2011) What’s the matter with Italy? BBC News. Retrieved from http://www.bbc.co.uk/news/business-15429057

Lynn M (2011) Bust: Greece, the Euro and the Sovereign debt crisis. Bloomberg Press, Hobeken. ISBN 978-0-470-97611-1

Minder R (May 3, 2011) Portugal agrees to a $116 billion bailout, The New York Times, http://www.nytimes.com/2011/05/04/business/global/04portugal.html

Nanto DK (October 2, 2009) The global financial crisis: Analysis and policy implications. CRS Report for Congress, Congressional Research Service 7–5700, RL34742

Nelson RM, Belkin P, Mix DE (2011) Greece’s debt crisis: overview, policy responses, and implications. Retrieved from http://www.fas.org/sgp/crs/row/R41167.pdf

OECD (June 2009) Policy responses to economic crisis: Investing in innovation for long-term growth. OECD. Retrieved from http://www.oecd.org/dataoecd/59/45/42983414.pdf

Pagoulatos G (2010) The Greek economy and the potential for green development. Retrieved from http://library.fes.de/pdf-files/id/ipa/07097.pdf

Reinhart CM, Rogoff KS (2009) This time is different: eight centuries of financial folly. Princeton University Press, Princeton. ISBN 9780691142166

Reguly E (April 6, 2011) European financial crisis: It’s not over, Eupedia. Retrieved from http://www.eupedia.com/forum/showthread.php?26399-European-Financial-Crisis-It-s-not-over

RTE (June 10, 2012) Eurozone agrees deal to lend Spain up to €100bn as Economy Minister Luis de Guindos confirms request for financial assistance, RTE News. Retrieved from http://www.rte.ie/news/2012/0609/spain-bailout.html

Sorsa P, Giorno C, Koutsogeorgopoulou V (July 2009) Economic survey of Greece, 2009 Policy Brief, OECD. Retrieved from http://www.oecd.org/dataoecd/5/61/43284926.pdf

Stratfor (April 28, 2009) The financial crisis in Spain, Stratfor Global Intelligence. Retrieved from http://www.stratfor.com/memberships/136936/analysis/20090428_financial_crisis_spain

The Economist (May 15, 2008) Spanish steps: a simple way of curbing banks’ greed, The Economist Special Report: International banking. Retrieved from http://www.economist.com/node/11325484?story_id=11325484

The New York Times (March 16, 2012) Greece, The New York Times. Retrieved from http://topics.nytimes.com/top/news/international/countriesandterritories/greece/index.html

Tirone M (September 26, 2011) Chart: Who owns our government debt? Wealth Wire. Retrieved from http://www.wealthwire.com/news/economy/1923

Wang Y (March 11, 2009) Old obstacles, new crisis hits Italy’s lagging economy, Xinhua Net. Retrieved from http://news.xinhuanet.com/english/2009-03/11/content_10990277.htm

Wolls D, Dilorenzo S (June 10, 2012) Europe bailout of Spain could cost $125 billion. Yahoo News. Retrieved from http://news.yahoo.com/europe-bailout-spain-could-cost-125-billion-190614499--finance.html

Title: Impact of the 2008 Global Financial Crisis
Authors: Carol Yeh-Yun Lin
Leif Edvinsson
Jeffrey Chen
Tord Beding
Publisher: Springer New York
Book: National Intellectual Capital and the Financial Crisis in Greece, Italy, Portugal, and Spain
Print ISBN: 978-1-4614-5989-7

Electronic ISBN: 978-1-4614-5990-3

Copyright Year: 2013
DOI: https://doi.org/10.1007/978-1-4614-5990-3_2

Springer Professional

Abstract

Please log in to get access to your license.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Springer Professional "Technik"

Springer Professional "Wirtschaft"