Download This PaperThe Credit Crisis: Conjectures About Causes and Remedies
15 Pages Posted: 21 Feb 2009 Last revised: 10 Oct 2022
Date Written: February 2009
Abstract
What caused the financial crisis that is sweeping across the world? What keeps asset prices and lending depressed? What can be done to remedy matters? While it is too early to arrive at definite answers to these questions, it is certainly time to offer informed conjectures, and these are the focus of this paper.
Suggested Citation: Suggested Citation
Douglas W. Diamond (Contact Author)
University of Chicago - Booth School of Business ( email )
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United States
773-702-7283 (Phone)
Raghuram G. Rajan
University of Chicago - Booth School of Business ( email )
5807 S. Woodlawn Avenue
Chicago, IL 60637
United States
773-702-4437 (Phone)
773-702-0458 (Fax)
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