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Manufacturing Tail Risk

- A Perspective on the Financial Crisis of 2007-09

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There is universal agreement that the cause of the global economic crisis of 2007-09 was the combination of a credit boom and a housing bubble. This book argues that what made this economic shock unique and led to such a severe financial crisis was the behaviour of the large, complex financial institutions that dominate the financial industry.

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  • Sprog:
  • Engelsk
  • ISBN:
  • 9781601983404
  • Indbinding:
  • Paperback
  • Sideantal:
  • 92
  • Udgivet:
  • 4. april 2010
  • Størrelse:
  • 156x234x5 mm.
  • Vægt:
  • 143 g.
  • 8-11 hverdage.
  • 10. december 2024

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Beskrivelse af Manufacturing Tail Risk

There is universal agreement that the cause of the global economic crisis of 2007-09 was the combination of a credit boom and a housing bubble. This book argues that what made this economic shock unique and led to such a severe financial crisis was the behaviour of the large, complex financial institutions that dominate the financial industry.

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