[PDF] The First Global Financial Crisis of the 21st Century - Part I: August 2007-May 2008

ISBN: 0955700930

Category: Tutorial


Posted on 2017-10-09, by luongquocchinh.

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Author: Andrew Felton | Publisher: Centre for Economic Policy Research | Category: Finances and Money | Language: English | Page: 204 | ISBN: 0955700930 | ISBN13: 9780955700934 |

Description: The global financial crisis is often defined by the collapse of the investment bank Lehman Brothers in September 2008. This book, first published as an eBook three months prior to the collapse, recognises that a global crisis was already well underway. It highlights how losses in the US subprime market had spread beyond the confines of the US mortgage sector and the borders of the United States, how risk spreads had ballooned and liquidity in some markets had dried up forcing large financial institutions to report significant losses.

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