With the bubble economy into the crisis (December 2008)

The German Language Society (GfdS) selected “Financial crisis” (Finanzkrise) as their word of the year 2008. Words and expressions are chosen which have particularly defined the public discussion over the past year. Their selection is not surprising given that the crisis was literally on everyone’s lips.

The unsolved questions surrounding the financial and economic crisis pushed out the Iraq war to become the main issues of the US presidential campaign. Leading German economic institutes were united in their predictions that the crisis in 2009 will be the most far-reaching recession since the founding of the Federal Republic of Germany. Also the state, after decades of economic and fiscal policy deregulation, surprisingly, has returned as a powerful factor in shaping policy in economic markets. This global political upheaval certainly did not go unnoticed by social science and is examined in current publications and research projects.

The December 2009 edition of Research special collects the most current literature and research references on the causes and consequences of the current financial and economic crisis. This includes works concentrating on the collapse of the US realty market which played a decisive role in the subsequent banking and economic crisis. It also covers the regional crises which devastated Asia and South America at the end of the nineties/ beginning of the new century leaving their regional economies badly shaken.

Go to the PDF (free of charge).