Risk aversion exacerbates crisis

25 Sep 2008

Phil Mullan has an excellent article on the current financial crisis on spiked. The thrust of his argument is that the current climate of risk aversion is exacerbating what would otherwise be a more limited crisis. Politicians and the financial authorities have simply reacted in an over-anxious way while financial institutions have ceased lending to each other.

Tags: economics, finance, spiked

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