Theoretical dimension of the current financial crisis. Jacques SAPIR Professor of Economics EHESS-Paris The present lecture explores the current financial crisis from its theoretical grounds and then expends to macroeconomics issues and economic policy implications. ... Lecture 1 The current financial crisis and its predecessor. The current financial crisis has been anticipated by the US Savings and Loans crisis, which exploded on the US mortgage market from 1990 to 1992 (Doc. ... Doc. ...

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