Welcome to Economics of Crisis.
Economics of Crisis is an international consortium of scholars, created to promote the sharing of information and ideas, with regard to the impact of financial crises in various countries and social groups. Members are economists and policy specialists on every continent.
Financial crises should be a call to action to reform the existing financial and economic system; the danger is always that we simply improve many aspects of the status quo, which has provided the background against which crises begin.
Additional research and commentary is necessary to help shape the large number of policies being enacted to combat crises. To join the group, or to submit information, please email sara_hsu@yahoo.com.
Current projects in progress:
Economics of Crisis and GEM-IWG are editing a book on the effects of the US Financial Crisis of 2008 on vulnerable groups across the world. The book is the second in a two volume series on the global impact of the crisis on women and minorities, and will be published in 2011. All are welcome to submit an abstract. Final papers must be received by October 2010. Please email submissions or inquiries to sara_hsu@yahoo.com.
We are compiling a "crisis watch" database, based on the list of crisis indicators we have put together and other data. This crisis database builds on and extends previous research by Reinhart and Rogoff (2009), Laeven and Valencia (2008), Rose (2008), and others.
We are inviting scholars to participate in research on the current and previous financial crises, and to join as members. More research is needed theoretically--the previous three models of financial crises do not hold, since the crisis began in developed countries and did not thus experience devaluation--and empirically--researchers are examining the impact of the crisis on various countries, and research on the impact of commodity prices is needed.
