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The foreclosures reduce the cash flowing into banks and the value of mortgage-backed securities (MBS) widely held by banks. Banks incur losses and require additional funds, also called "recapitalization". If banks are not capitalized sufficiently to lend, economic activity slows and
236:", when the market value of a home drops below that of the mortgage on it. This provides an incentive to walk away from the home, increasing defaults and foreclosures. This, in turn, lowers housing values further from over-supply, reinforcing the cycle.
601:โ In this link the author uses Aristotelian virtue as a mediator between passion and reason in the construction of utility/consumption functions in an esoteric part of consumer behaviour theory related to decision making in addictive situations.
186:. A vicious circle will continue in the direction of its momentum until an external factor intervenes to break the cycle. A well-known example of a vicious circle in economics is
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By involving all stakeholders in managing ecological areas, a virtuous circle can be created where improved ecology encourages the actions that maintain and improve the area.
607:โ In this paper the author is using virtue in the sense of a positive outcome (balance of payments surplus) that conflicts with long term regional growth and stability.
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is a complex group of vicious circles, both in its genesis and in its manifold outcomes, most notably the
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discussed vicious circles in the housing and financial markets in interviews with
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529:"Designing virtuous socio-ecological cycles for biodiversity conservation"
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increases, which further increase the number of foreclosures. Economist
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Passion:Virtue in a Model of Rational Addiction
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When the results are not detrimental but beneficial, the term
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343: โ Feedback loop that increases an initial small effect
561:"Covid: WHO says it is very worried about Europe surge"
370: โ Political science and mass communication theory
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Pages displaying short descriptions of redirect targets
355: โ Circular relationships between cause and effect
435:"How to Help People Whose Home Values Are Underwater"
364: โ Prediction that causes itself to become true
67:. Unsourced material may be challenged and removed.
284:described the recurring need for lockdowns in the
206:Vicious circles in the subprime mortgage crisis
220:Vicious cycles in the subprime mortgage crisis
319: โ Vicious cycle that reinforces poverty
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584:"Breaking the cycle of failure in services"
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127:Learn how and when to remove this message
376: โ Unforeseen outcomes of an action
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313: โ Self-amplifying chain of events
433:Feldstein, Martin (18 November 2008).
402:Handbook of Peace and Conflict Studies
582:Schlesinger, L.; Heskett, J. (1991).
256:Designing ecological virtuous circles
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65:adding citations to reliable sources
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162:that reinforces itself through a
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527:Morrison Scott A (March 2016).
482:"Rose & Roubini Discussion"
337: โ Concept in econometrics
280:. In 2021, Austrian Chancellor
252:in September and October 2008.
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32:Vicious Circle (disambiguation)
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660:The dictionary definition of
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146:expressed as a vicious circle
576:General and cited references
546:10.1016/j.biocon.2015.12.022
268:Other examples include the
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362:Self-fulfilling prophecy
226:subprime mortgage crisis
212:Subprime mortgage crisis
588:Sloan Management Review
533:Biological Conservation
440:The Wall Street Journal
374:Unintended consequences
353:Reflexivity (sociology)
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329:Closed timelike curve
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210:Further information:
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638:at Wikimedia Commons
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567:. November 20, 2021.
507:"Rose & Roubini"
230:late 2000s recession
61:improve this article
30:For other uses, see
305:Causal loop diagram
690:Waste of resources
539:. Elsevier: 9โ16.
347:Rational addiction
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634:Media related to
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509:. Charlierose.com
399:(19 March 2012).
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341:Positive feedback
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437:. Opinion.
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382:References
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180:ecological
144:Depression
117:March 2012
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565:BBC News
418:19 March
292:See also
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