The Subprime Crisis: Some Lessons for Financial Supervisors
39 Pages Posted: 7 Jun 2019
Date Written: 2008
The recent market turmoil following the crisis of sub-prime mortgages in the US has provided rich evidence of serious deficiencies in the world financial system. This paper provides some elements for reflection on how to address them. The issues analysed in the paper are classified around four key words: transparency, credit rating agencies, liquidity and supervisory arrangements.
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