A Personal FAQ on the Financial Crisis of 2008
Posted: 29 Oct 2008
Date Written: October 28, 2008
This FAQ provides an analysis of the causes and of some remedies of the financial crisis of 2008. Subprime and Alt-A mortgage losses were just a trigger - they could not possibly be responsible alone for the steep drop in the value of banks, financial institutions, and companies. The FAQ decomposes causes into those that are shallow (e.g., defaulting bonds), mid-level (e.g., fall in real estate values) and deep (e.g., poor corporate governance and tax systems).
Keywords: Financial Crisis 2008
JEL Classification: G00
Suggested Citation: Suggested Citation