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Financial Crises Quotes

Financial Crises Quotes

What causes financial crises, and who pays for them.

Financial crises quotes look at where systemic risk actually sits, arguing that a system with less risk Concentrated in banks may face a lower probability of full-blown crises than a traditional bank-centered one. Another quote faults governments for waiting too long once a crisis starts.

Last Updated on May 30, 2021

Long
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Nov 07, 2020

There is a basic lesson on financial crises that governments tend to wait too long, underestimate the risks, want to do too little. And it ultimately gets away from them, and they end up spending more money, causing much more damage to the economy.

Quotes by Timothy Geithner

Financial
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Nov 07, 2020

In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems.

Quotes by Timothy Geithner

Only
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Nov 07, 2020

At present, financial crises occur, chiefly because the paper currency is redeemable in gold only.

Quotes by John Buchanan Robinson

People
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Nov 07, 2020

Think how weird profit margins are: We've got high unemployment and financial crises - and world record profit margins. People think the American market is very cheap. We don't. The market quite incorrectly gives full credit to today's earnings.

Quotes by Jeremy Grantham

Economic
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Nov 07, 2020

Firstly, economic globalisation has brought prosperity and development to many countries, but also financial crises to Asia, Latin America and Russia, and increasing poverty and marginalisation.

Quotes by Anna Lindh

A historical quote traces crises back to a currency redeemable only in gold, while a more recent one points out the strange coexistence of high unemployment and record profits in America. Both suggest what's actually Causing a crisis is rarely simple.

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