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Original Article Open Access


The Background of Financial Bubbles

Şiir YILMAZ.

Abstract
2008 financial crisis in USA cannot be analyzed without considering the challenge of developing economies (especially the emerging economies of Asia) in the manufacturing goods. The competitive advantage shifted from developed to the developing countries has resulted in rising profits in service sectors, accelerating de-industrilisation in developed countries. So, new financial instruments and more liberalisation in financial markets are required in order to enhance and direct demand for non tradables. Financial bubbles are the outcome of changing competitiveness among the global players and the real reasons for financial crises should be sought in global manufacturing activities.

Key words: Financial Crises, Financial Bubbles, Financial Globalization, Overproduction, Emerging Economies of East and South East Asia. JEL Classification: F44, F65, G01



FİNANSAL ŞİŞKİNLİĞİN ARKA PLANI

Özet
Amerika Birleşik Devletlerinde patlak veren 2008 finansal krizi, küresel ekonomide yaşanmakta olan değişimlerden soyutlanarak ele alınamaz. Gelişmekte olan ülke ekonomilerinin imalat sanayi dallarında rekabet gücünü ele geçirmeleri, gelişmiş ekonomilerin üretmek yerine üretimin el değiştirmesine yönelik işlemlere yönelmelerine ve üretimlerini dış pazar yerine iç pazarda pazarlamak için talebi pompalamalarına yol açmıştır. Finansal kesimin bir balon gibi şişmesinin ardında değişen ekonomik güç dengelerini aramak gerekir.

Anahtar Kelimeler: Finansal Kriz, Finansal Şişkinlik, Finansal Küreselleşme, Aşırı Üretim, Doğu Asya ve Güney Doğu Asya Yükselen Ekonomileri. JEL Sınıflaması: F44, F65, G01


 
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How to Cite this Article
Pubmed Style

Siir YILMAZ. [The Background of Financial Bubbles]. Ekonomik Yaklasim. 2012; 23(Special): 13-38. Turkish. doi:10.5455/ey.20006



Web Style

Siir YILMAZ. [The Background of Financial Bubbles]. www.scopemed.org/?mno=34387 [Access: November 19, 2017]. Turkish. doi:10.5455/ey.20006



AMA (American Medical Association) Style

Siir YILMAZ. [The Background of Financial Bubbles]. Ekonomik Yaklasim. 2012; 23(Special): 13-38. Turkish. doi:10.5455/ey.20006



Vancouver/ICMJE Style

Siir YILMAZ. [The Background of Financial Bubbles]. Ekonomik Yaklasim. (2012), [cited November 19, 2017]; 23(Special): 13-38. Turkish. doi:10.5455/ey.20006



Harvard Style

Siir YILMAZ (2012) [The Background of Financial Bubbles]. Ekonomik Yaklasim, 23 (Special), 13-38. Turkish. doi:10.5455/ey.20006



Turabian Style

Siir YILMAZ. 2012. [The Background of Financial Bubbles]. Ekonomik Yaklasim, 23 (Special), 13-38. Turkish. doi:10.5455/ey.20006



Chicago Style

Siir YILMAZ. "[The Background of Financial Bubbles]." Ekonomik Yaklasim 23 (2012), 13-38. Turkish. doi:10.5455/ey.20006



MLA (The Modern Language Association) Style

Siir YILMAZ. "[The Background of Financial Bubbles]." Ekonomik Yaklasim 23.Special (2012), 13-38. Print.Turkish. doi:10.5455/ey.20006



APA (American Psychological Association) Style

Siir YILMAZ (2012) [The Background of Financial Bubbles]. Ekonomik Yaklasim, 23 (Special), 13-38. Turkish. doi:10.5455/ey.20006



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