{"id":"https://openalex.org/W1994742656","doi":"https://doi.org/10.1108/17538251011084482","title":"Some lessons for economists from the financial crisis","display_name":"Some lessons for economists from the financial crisis","publication_year":2010,"publication_date":"2010-09-28","ids":{"openalex":"https://openalex.org/W1994742656","doi":"https://doi.org/10.1108/17538251011084482","mag":"1994742656"},"language":"en","primary_location":{"id":"doi:10.1108/17538251011084482","doi":"https://doi.org/10.1108/17538251011084482","is_oa":false,"landing_page_url":"https://doi.org/10.1108/17538251011084482","pdf_url":null,"source":{"id":"https://openalex.org/S132932317","display_name":"Indian Growth and Development Review","issn_l":"1753-8254","issn":["1753-8254","1753-8262"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","cwts-core","jufo-1","norway-1","poland-20","russia-white-list-2"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Indian Growth and Development Review","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5064152404","display_name":"Thomas D. Willett","orcid":"https://orcid.org/0000-0003-4757-7598","observed_orcids":["https://orcid.org/0000-0003-4757-7598"]},"institutions":[{"id":"https://openalex.org/I136722135","display_name":"Claremont Graduate University","ror":"https://ror.org/0157pnt69","country_code":"US","type":"education","lineage":["https://openalex.org/I136722135"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Thomas Willett","raw_affiliation_strings":["Claremont Graduate University, Claremont, California, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Claremont Graduate University, Claremont, California, USA","institution_ids":["https://openalex.org/I136722135"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5064152404"],"corresponding_institution_ids":["https://openalex.org/I136722135"],"apc_list":null,"apc_paid":null,"fwci":5.5718,"has_fulltext":false,"cited_by_count":18,"citation_normalized_percentile":{"value":0.95372616,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"3","issue":"2","first_page":"186","last_page":"208"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.6782000064849854,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.6782000064849854,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.11400000005960464,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14112","display_name":"Economic, financial, and policy analysis","score":0.07989999651908875,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/2008-financial-crisis","display_name":"2008 financial crisis","score":0.8980000019073486},{"id":"https://openalex.org/keywords/financial-liberalization","display_name":"financial liberalization","score":0.6029999852180481},{"id":"https://openalex.org/keywords/emerging-markets","display_name":"emerging markets","score":0.7820000052452087},{"id":"https://openalex.org/keywords/financial-regulation","display_name":"financial regulation","score":0.7120000123977661},{"id":"https://openalex.org/keywords/behavioral-economics","display_name":"behavioral economics","score":0.746999979019165},{"id":"https://openalex.org/keywords/neuroeconomics","display_name":"neuroeconomics","score":0.828000009059906},{"id":"https://openalex.org/keywords/political-economy","display_name":"political economy","score":0.8529999852180481},{"id":"https://openalex.org/keywords/financial-risk-assessment","display_name":"financial risk assessment","score":0.8510000109672546},{"id":"https://openalex.org/keywords/policy-responses","display_name":"policy responses","score":0.5960000157356262}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6943556666374207},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.6584676504135132},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.5733791589736938},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.5042952299118042},{"id":"https://openalex.org/C58823610","wikidata":"https://www.wikidata.org/wiki/Q746418","display_name":"Liberalization","level":2,"score":0.5038504004478455},{"id":"https://openalex.org/C2776950860","wikidata":"https://www.wikidata.org/wiki/Q2914681","display_name":"Originality","level":3,"score":0.4616270363330841},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.45452582836151123},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.39280781149864197},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.37120723724365234},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.17920303344726562},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.1404472291469574},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C190248442","wikidata":"https://www.wikidata.org/wiki/Q839486","display_name":"Qualitative research","level":2,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1108/17538251011084482","doi":"https://doi.org/10.1108/17538251011084482","is_oa":false,"landing_page_url":"https://doi.org/10.1108/17538251011084482","pdf_url":null,"source":{"id":"https://openalex.org/S132932317","display_name":"Indian Growth and Development Review","issn_l":"1753-8254","issn":["1753-8254","1753-8262"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","cwts-core","jufo-1","norway-1","poland-20","russia-white-list-2"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Indian Growth and Development Review","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":59,"referenced_works":["https://openalex.org/W364557692","https://openalex.org/W370761822","https://openalex.org/W579139045","https://openalex.org/W585106941","https://openalex.org/W626928336","https://openalex.org/W629123130","https://openalex.org/W631034941","https://openalex.org/W1433087689","https://openalex.org/W1480526195","https://openalex.org/W1484001331","https://openalex.org/W1486667340","https://openalex.org/W1510713102","https://openalex.org/W1513454603","https://openalex.org/W1514770621","https://openalex.org/W1524113715","https://openalex.org/W1528857264","https://openalex.org/W1530988055","https://openalex.org/W1533055367","https://openalex.org/W1540918878","https://openalex.org/W1561084788","https://openalex.org/W1567821630","https://openalex.org/W1568092302","https://openalex.org/W1571366372","https://openalex.org/W1572037941","https://openalex.org/W1592954040","https://openalex.org/W1594052238","https://openalex.org/W1598518001","https://openalex.org/W1600641501","https://openalex.org/W1651316286","https://openalex.org/W1858606060","https://openalex.org/W1977238930","https://openalex.org/W2012384587","https://openalex.org/W2049743915","https://openalex.org/W2054479375","https://openalex.org/W2058725966","https://openalex.org/W2068120155","https://openalex.org/W2068908570","https://openalex.org/W2101160137","https://openalex.org/W2106382834","https://openalex.org/W2109301602","https://openalex.org/W2112757488","https://openalex.org/W2118046631","https://openalex.org/W2127551296","https://openalex.org/W2130310979","https://openalex.org/W2153260599","https://openalex.org/W2163065315","https://openalex.org/W2256949817","https://openalex.org/W2263997305","https://openalex.org/W2290180251","https://openalex.org/W2568096850","https://openalex.org/W3122115887","https://openalex.org/W3146261248","https://openalex.org/W4210544123","https://openalex.org/W4213357006","https://openalex.org/W4230964176","https://openalex.org/W4237416411","https://openalex.org/W4248226310","https://openalex.org/W4319153477","https://openalex.org/W6665345363"],"related_works":["https://openalex.org/W2489244154","https://openalex.org/W2484272322","https://openalex.org/W2948338187","https://openalex.org/W1971023259","https://openalex.org/W2238263877","https://openalex.org/W2584315201","https://openalex.org/W1879841208","https://openalex.org/W634909712","https://openalex.org/W7099276059","https://openalex.org/W2757876824"],"abstract_inverted_index":{"Purpose":[0],"The":[1,22,50,117,184,239],"purpose":[2],"of":[3,10,38,61,86,109,119,127,225,231,258,268],"this":[4],"paper":[5,23,240],"is":[6],"to":[7,43,73,78,81,133,139,153,157,179,200,234,244],"discuss":[8],"implications":[9],"the":[11,29,33,39,47,55,84,107,128,134,182,188,232,245,254,259],"global":[12],"crisis":[13,30,48,56,260],"for":[14,247,270],"economic":[15,158],"and":[16,19,31,71,89,96,99,101,105,112,148,169,171,228,256,261,264,274],"financial":[17,129,149,205],"research":[18,272],"policy.":[20],"Design/methodology/approach":[21],"reviews":[24],"many":[25,166,230],"recent":[26],"studies":[27],"on":[28,36,92],"offers":[32,241,265],"author's":[34],"views":[35,53],"some":[37,68],"most":[40],"important":[41],"lessons":[42],"be":[44,79,140,163,201,219],"drawn":[45,164],"from":[46,94,165,203],"Findings":[49],"review":[51],"counters":[52],"that":[54,65,131,194,215],"reflected":[57],"a":[58,124,242,266],"basic":[59],"failure":[60],"economics,":[62],"but":[63,211],"agrees":[64],"it":[66],"undercuts":[67],"particular":[69],"theories":[70,168],"approaches":[72,170],"economics.":[74],"More":[75],"attention":[76,156],"needs":[77,152],"given":[80],"imperfections":[82],"in":[83,187,207,221,250],"operation":[85],"both":[87],"markets":[88],"governments,":[90],"drawing":[91],"insights":[93,161],"behavioral":[95],"neuro":[97],"economics":[98],"finance":[100],"political":[102],"economy":[103],"analysis":[104,147,151],"recognizing":[106],"importance":[108],"limited":[110],"information":[111],"uncertainty":[113],"about":[114,253],"correct":[115],"models.":[116],"creation":[118],"perverse":[120],"incentive":[121],"structures":[122],"explain":[123],"large":[125],"part":[126],"excesses":[130,185],"led":[132],"crisis.":[135],"Financial":[136],"considerations":[137],"need":[138],"integrated":[141],"much":[142],"more":[143,155,252],"closely":[144],"with":[145],"macroeconomic":[146],"risk":[150],"pay":[154],"considerations.":[159],"Useful":[160],"can":[162],"different":[167],"we":[172],"should":[173],"not":[174,192,197],"expect":[175],"any":[176],"one":[177],"theory":[178],"have":[180],"all":[181],"answers.":[183],"observed":[186],"advanced":[189],"economies":[190],"do":[191,213],"imply":[193],"there":[195],"are":[196],"enormous":[198],"benefits":[199],"gained":[202],"further":[204],"liberalization":[206],"emerging":[208],"market":[209],"economies,":[210],"they":[212],"show":[214],"great":[216],"care":[217],"must":[218],"taken":[220],"establishing":[222],"strong":[223],"supervision":[224],"such":[226],"liberalizations":[227],"highlight":[229],"dangers":[233],"look":[235],"out":[236],"for.":[237],"Originality/value":[238],"guide":[243],"literature":[246],"those":[248],"interested":[249],"learning":[251],"causes":[255],"effects":[257],"policy":[262,275],"responses":[263],"number":[267],"suggestions":[269],"fruitful":[271],"topics":[273],"strategies.":[276]},"counts_by_year":[{"year":2022,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2014,"cited_by_count":5},{"year":2013,"cited_by_count":4},{"year":2012,"cited_by_count":5}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}
