The Crisis and Miss Emily's Perceptions

Business & Finance, Economics, International Economics, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book The Crisis and Miss Emily's Perceptions by Luc Mr. Leruth, Pierre Nicolas, INTERNATIONAL MONETARY FUND
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Author: Luc Mr. Leruth, Pierre Nicolas ISBN: 9781462382835
Publisher: INTERNATIONAL MONETARY FUND Publication: November 19, 2010
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Luc Mr. Leruth, Pierre Nicolas
ISBN: 9781462382835
Publisher: INTERNATIONAL MONETARY FUND
Publication: November 19, 2010
Imprint: INTERNATIONAL MONETARY FUND
Language: English
The Crisis and Miss Emily's Perceptions draws an analogy between the theme and the characters in Faulkner's short story "A Rose for Emily" and the global financial crisis. In Faulkner's story, all the characters try to deny realities, thus allowing an unstable situation to last longer than it should have. The paper briefly reviews the literature on perception biases and argues that all economic actors have, to some degree, been refusing to face realities, which helped the crisis to unfold.
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The Crisis and Miss Emily's Perceptions draws an analogy between the theme and the characters in Faulkner's short story "A Rose for Emily" and the global financial crisis. In Faulkner's story, all the characters try to deny realities, thus allowing an unstable situation to last longer than it should have. The paper briefly reviews the literature on perception biases and argues that all economic actors have, to some degree, been refusing to face realities, which helped the crisis to unfold.

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