Historians have found that the first financial crisis broke even in the Roman republic

Philip Key, a historian from Oxford University, saw an analogue of the financial crisis that is raging these days around the world, in Rome I century BC.

"The good news: Philip Key knows how the Romans got into financial trouble. The bad news: nobody knows how they are chosen," - writes in Friday InoPressa.ru with reference to The Guardian.

"The main thing in common what happened 21 a century ago, and what is happening now, that the ambitious growth of monetary liquidity problems resulted in another country, and this led to a credit crunch ... In both cases, the distance and unnecessary optimism overshadowed danger "- told Kay, in an interview edition.

According to the researcher, the Cicero in a speech pointed to the relationship money market Roman republic with Asian markets.

"In Rome II - the beginning of I century BC, the increased inflow of precious metals, coupled with the growing availability of credit led to a huge increase in circulation of money" that gave rise to "greater economic activity ... and, finally, the credit crisis," explained Kay.