Financial crisis The financial crisis occurred in 2008, where the world economy experienced the most dangerous crisis ever since the Great Depression of the 1930s. It started in 2007 when the home prices in the U.S. Dropped significantly, spreading very quickly, initially to the financial sector...
Gyntelberg, Jacob, Kristian Kjeldsen and Mattias Persson (2011): "The 2008 financial crisis and the Danish mortgage market" in Global Housing Markets (eds Ashok Bardhan, Robert Edelstein and Cynthia Kroll). John Wiley & Sons.Gyntelberg, J., Kjeldsen, K., Baekmand Nielsen, M., and ...
“We are poorly prepared to deal with the next shock,” Krugman said.“Interest rates are stillclose to zero in the US and in most of the rest of the advanced world. The fiscal policy we did was badly handled in the aftermath of the 2008 crisis, and there’s no particular reason to ...
neuroscienceSummary and ConclusionsSummaryThe legacy of KeynesKey Terms and ConceptsChapter Questions and ProblemsReferences#A Picture of the 2008 Crisis#Deregulation and InnovationThe Glass-Steagall ActGlobalization and financial deregulationThe great monetary expansionFrom financial crisis to recessionFiscal ...
financial crisispolitical economyfederal home loan bankssavings and loanmortgagesSummary This chapter contains sections titled: Government Support for Mortgage Markets Other Regulatory-Induced Supplies of Mortgages and Credit Politics and the Size of the Mortgagemarket The End of the Bubbles Government ...
This chapter reports economic activities after 2010, a timeline regarded as the aftermath of the 2008 global financial crisis, which was formally announced at the end of 2009 (Kehoe 2010; OECD 2010). Although some European countries were still in soverei
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Recent financial crises, such as the Great Financial Crisis of 2008, the European Sovereign Debt Crisis, and the COVID-19 pandemic, have intensified the attention of scholars, shareholders, regulators, and policymakers to the topic, which includes the financial health deterioration of firms around ...
virtual currencies, mobile payment, portfolio management, customized consulting, and system integration (Nicoletti 2017). The growth of the FinTech industry has been associated with the challenges customers faced in accessing traditional financial services during the 2008 financial crisis (Knight and Wójci...
Summary The Global Financial Crisis of 2008-2009 is widely referred to as “The Great Recession.” It began with the housing market bubble, created by an overwhelming load of mortgage-backed securities that bundled high-risk loans. Reckless lending led to unprecedented numbers of loans in default...