the contagion effect of asset dumping
[...] the dumping of other (non-Greek) assets to cover their (Greek) losses, which then lowers the value of the unrelated assets, eventually leading to a fire sale of good assets as a whole [...]
[...] the dumping of other (non-Greek) assets to cover their (Greek) losses, which then lowers the value of the unrelated assets, eventually leading to a fire sale of good assets as a whole [...]
[...] who should get, for example, a tax cut? The Keynesian wants to give it to the poor so they will consume now to boost demand and consumption. Meanwhile, the neoliberal wants to give it to the rich to invest wisely. [...]
[...] as financial markets became more deregulated in the 1980s, large corporations began to use their own cash reserves, lending them to one another directly--they disintermediated--bypassing banks and squeezing bank profits. [...]