A Personal FAQ on the Financial Crisis of 2008

Posted: 29 Oct 2008

See all articles by Ivo Welch

Ivo Welch

University of California, Los Angeles (UCLA); National Bureau of Economic Research (NBER)

Date Written: October 28, 2008

Abstract

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

Welch, Ivo, A Personal FAQ on the Financial Crisis of 2008 (October 28, 2008). Available at SSRN: https://ssrn.com/abstract=1291176

Ivo Welch (Contact Author)

University of California, Los Angeles (UCLA) ( email )

110 Westwood Plaza
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Los Angeles, CA 90095-1481
United States
310-825-2508 (Phone)

HOME PAGE: http://www.ivo-welch.info

National Bureau of Economic Research (NBER)

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Cambridge, MA 02138
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