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patterns-of-economic-recession

The patterns of an economic recession

An economic recession is a period of a significant decline in economic activity, typically lasting at least six months. It is characterized by decreased Gross Domestic Product (GDP), employment, and consumer spending. Recessions can significantly impact households and businesses, so understanding the patterns of economic recessions is essential for policymakers and investors. In this article,…

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Embracing the Irrational: Principles of Behavioral Economics

Introduction Behavioral economics is an interdisciplinary field that combines insights from psychology and economics to understand human decision-making better. Contrary to the traditional economic model, which assumes that individuals are rational and utility-maximizing, behavioral economics considers the cognitive biases and heuristics that can lead to suboptimal decision-making (Mullainathan & Thaler, 2000). This article will explore…

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bank-runs-domino-effect

Bank Runs and the Domino Effect: How One Bank’s Crisis Can Impact the Financial System

Introduction Bank runs have historically caused significant disruptions in the financial system, with the potential to trigger widespread panic and economic instability. This article examines the factors that contribute to bank runs, their impact on other banks, and the potential consequences for the financial ecosystem. Understanding Bank Runs A bank run occurs when many depositors…

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regulation-or-deregulation

Regulating or Deregulating Markets: A Delicate Balance

Introduction “To regulate or not to regulate?” to paraphrase Shakespeare. This dilemma has troubled economists, policymakers, and business leaders. Whether governments should intervene in markets or let them function with minimal interference depends on the specific context and the desired outcomes. This article explores the advantages and disadvantages of regulation and deregulation and the delicate…

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