217:
657:
643:
140:
43:
631:
619:
239:
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:– 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
260:
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:– 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.
604:
410:
126:
598:
60:
31:
216:
107:
64:
481:
79:
167:
689:
86:
635:
623:
334:
53:
583:
93:
684:
361:
225:
211:
182:, etc.), at least in the short run. Each iteration of the cycle reinforces the previous one, in an example of
679:
439:
373:
352:
75:
281:
228:
is a complex group of vicious circles, both in its genesis and in its manifold outcomes, most notably the
179:
328:
232:. A specific example is the circle related to housing. As housing prices decline, more homeowners go "
229:
175:
307: – Causal diagram that aids in visualizing how different variables in a system are interrelated
304:
346:
171:
661:
647:
406:
400:
367:
340:
322:
285:
183:
143:
605:
China: A Stabilizing or
Deflationary Influence in East Asia? The Problem of Conflicted Virtue
540:
316:
298:
100:
301: – Situation in which one cannot avoid a problem because of contradictory constraints
245:
233:
159:
288:
as a vicious circle that could only be broken by a legally-required vaccination program.
310:
187:
656:
642:
673:
396:
273:
269:
163:
434:
249:
241:
139:
248:
discussed vicious circles in the housing and financial markets in interviews with
560:
545:
528:
485:
460:
331: – World line of a particle in spacetime which returns to its starting point
42:
17:
506:
630:
618:
529:"Designing virtuous socio-ecological cycles for biodiversity conservation"
325: – Violent behavior learned as a child, and then repeated as an adult
244:
increases, which further increase the number of foreclosures. Economist
277:
349: – Addiction modeled as economically rational form of consumption
599:
Rational Choice with
Passion:Virtue in a Model of Rational Addiction
166:, with detrimental results. It is a system with no tendency toward
215:
138:
193:
When the results are not detrimental but beneficial, the term
36:
343: – Feedback loop that increases an initial small effect
561:"Covid: WHO says it is very worried about Europe surge"
370: – Political science and mass communication theory
357:
Pages displaying short descriptions of redirect targets
355: – Circular relationships between cause and effect
435:"How to Help People Whose Home Values Are Underwater"
364: – 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: – Vicious cycle that reinforces poverty
8:
584:"Breaking the cycle of failure in services"
544:
127:Learn how and when to remove this message
376: – Unforeseen outcomes of an action
387:
313: – 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
7:
65:adding citations to reliable sources
27:Self-reinforcing sequence of events
25:
484:. Charlierose.com. Archived from
162:that reinforces itself through a
655:
641:
629:
617:
41:
527:Morrison Scott A (March 2016).
482:"Rose & Roubini Discussion"
337: – Concept in econometrics
280:. In 2021, Austrian Chancellor
252:in September and October 2008.
52:needs additional citations for
32:Vicious Circle (disambiguation)
1:
660:The dictionary definition of
646:The dictionary definition of
276:, and the intensification of
146:expressed as a vicious circle
576:General and cited references
546:10.1016/j.biocon.2015.12.022
268:Other examples include the
706:
335:Endogeneity (econometrics)
209:
29:
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)
282:Alexander Schallenberg
221:
147:
461:"Roubini & Panel"
329:Closed timelike curve
219:
210:Further information:
142:
638:at Wikimedia Commons
626:at Wikimedia Commons
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: 9–16.
347:Rational addiction
222:
148:
634:Media related to
622:Media related to
509:. Charlierose.com
399:(19 March 2012).
368:Spiral of silence
341:Positive feedback
323:Cycle of violence
286:COVID-19 pandemic
224:The contemporary
197:is used instead.
184:positive feedback
137:
136:
129:
111:
16:(Redirected from
697:
659:
645:
636:Virtuous circles
633:
621:
595:
569:
568:
557:
551:
550:
548:
524:
518:
517:
515:
514:
503:
497:
496:
494:
493:
478:
472:
471:
469:
468:
457:
451:
450:
448:
447:
430:
424:
423:
421:
419:
392:
358:
317:Cycle of poverty
299:Catch-22 (logic)
132:
125:
121:
118:
112:
110:
76:"Vicious circle"
69:
45:
37:
21:
705:
704:
700:
699:
698:
696:
695:
694:
685:Economic crises
670:
669:
663:virtuous circle
624:Vicious circles
614:
581:
578:
573:
572:
559:
558:
554:
526:
525:
521:
512:
510:
505:
504:
500:
491:
489:
480:
479:
475:
466:
464:
459:
458:
454:
445:
443:
432:
431:
427:
417:
415:
413:
395:Charles Webel,
394:
393:
389:
384:
379:
356:
294:
266:
258:
246:Nouriel Roubini
214:
208:
203:
160:chain of events
158:) is a complex
133:
122:
116:
113:
70:
68:
58:
46:
35:
28:
23:
22:
18:Virtuous circle
15:
12:
11:
5:
703:
701:
693:
692:
687:
682:
680:Business cycle
672:
671:
668:
667:
653:
649:vicious circle
639:
627:
613:
612:External links
610:
609:
608:
602:
596:
577:
574:
571:
570:
552:
519:
498:
473:
463:. Charlie Rose
452:
425:
411:
386:
385:
383:
380:
378:
377:
371:
365:
359:
350:
344:
338:
332:
326:
320:
314:
311:Chain reaction
308:
302:
295:
293:
290:
265:
262:
257:
254:
207:
204:
202:
199:
195:virtuous cycle
188:hyperinflation
152:vicious circle
135:
134:
49:
47:
40:
26:
24:
14:
13:
10:
9:
6:
4:
3:
2:
702:
691:
688:
686:
683:
681:
678:
677:
675:
666:at Wiktionary
665:
664:
658:
654:
652:at Wiktionary
651:
650:
644:
640:
637:
632:
628:
625:
620:
616:
615:
611:
606:
603:
600:
597:
593:
589:
585:
580:
579:
575:
566:
562:
556:
553:
547:
542:
538:
534:
530:
523:
520:
508:
502:
499:
488:on 2013-04-01
487:
483:
477:
474:
462:
456:
453:
442:
441:
436:
429:
426:
414:
412:9780203089163
408:
405:. Routledge.
404:
403:
398:
397:Johan Galtung
391:
388:
381:
375:
372:
369:
366:
363:
360:
354:
351:
348:
345:
342:
339:
336:
333:
330:
327:
324:
321:
318:
315:
312:
309:
306:
303:
300:
297:
296:
291:
289:
287:
283:
279:
275:
274:sharecropping
271:
270:poverty cycle
263:
261:
255:
253:
251:
247:
243:
237:
235:
231:
227:
218:
213:
205:
200:
198:
196:
191:
189:
185:
181:
177:
173:
169:
165:
164:feedback loop
161:
157:
153:
145:
141:
131:
128:
120:
109:
106:
102:
99:
95:
92:
88:
85:
81:
78: –
77:
73:
72:Find sources:
66:
62:
56:
55:
50:This article
48:
44:
39:
38:
33:
19:
662:
648:
591:
587:
564:
555:
536:
532:
522:
511:. Retrieved
501:
490:. Retrieved
486:the original
476:
465:. Retrieved
455:
444:. Retrieved
438:
428:
416:. Retrieved
401:
390:
267:
259:
250:Charlie Rose
242:unemployment
238:
223:
194:
192:
155:
151:
149:
123:
114:
104:
97:
90:
83:
71:
59:Please help
54:verification
51:
437:. Opinion.
168:equilibrium
674:Categories
513:2013-09-05
492:2013-09-05
467:2013-09-05
446:2013-09-05
382:References
234:underwater
180:ecological
144:Depression
117:March 2012
87:newspapers
594:: 17–28.
565:BBC News
418:19 March
292:See also
201:Examples
176:economic
278:drought
101:scholar
409:
172:social
103:
96:
89:
82:
74:
264:Other
156:cycle
108:JSTOR
94:books
420:2012
407:ISBN
154:(or
80:news
541:doi
537:195
190:.
63:by
676::
592:31
590:.
586:.
563:.
535:.
531:.
272:,
178:,
174:,
150:A
549:.
543::
516:.
495:.
470:.
449:.
422:.
170:(
130:)
124:(
119:)
115:(
105:·
98:·
91:·
84:·
57:.
34:.
20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
