The Sub-Prime Crisis Down Under

13 Pages Posted: 9 Dec 2015

See all articles by Christine A. Brown

Christine A. Brown

Department of Banking and Finance; Financial Research Network (FIRN)

Kevin Thomas Davis

University of Melbourne - Department of Finance; Australian Centre for Financial Studies

Date Written: December 3, 2015

Abstract

The sub-prime crisis which emanated from the USA in 2007 has had profound effects around the world and is providing new insights into financial interlinkages and risk management issues. This paper examines the effects of the sub-prime crisis on the Australian financial sector with three objectives in mind: 1) to provide a concise, but comprehensive, overview of these effects for readers interested in understanding the impact of the sub-prime crisis on an economy outside of the USA; 2) to identify the main channels of transmission of effects; and 3) to identify lessons learned from the current experience for risk management strategies of financial institutions, corporations, and monetary/prudential authorities.

Suggested Citation

Brown, Christine A. and Davis, Kevin Thomas, The Sub-Prime Crisis Down Under (December 3, 2015). Journal of Applied Finance (Formerly Financial Practice and Education), Vol. 18, No. 1, 2008, Available at SSRN: https://ssrn.com/abstract=2698690

Christine A. Brown (Contact Author)

Department of Banking and Finance ( email )

Building 11E
Clayton, Victoria 3800
Australia
+61 3 99031793 (Phone)
+61 3 99055475 (Fax)

Financial Research Network (FIRN)

C/- University of Queensland Business School
St Lucia, 4071 Brisbane
Queensland
Australia

HOME PAGE: www.firn.org.au

Kevin Thomas Davis

University of Melbourne - Department of Finance ( email )

Faculty of Business and Economics
Parkville, Victoria 3010 3010
Australia
+613 8344 5098 (Phone)
+613 8344 6914 (Fax)

Australian Centre for Financial Studies ( email )

Level 46, 525 Collins St
Melbourne, Victoria 3079
Australia

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