๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Core of the Crisis: Deregulation, the Global Savings Glut, and Financial Innovation in the Subprime Debacle

โœ Scribed by Dan Immergluck


Book ID
109171404
Publisher
John Wiley and Sons
Year
2009
Tongue
English
Weight
276 KB
Volume
8
Category
Article
ISSN
1535-6841

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## Abstract The article argues that the primary cause of the current subprime mortgage crisis in the United States is the absence of adequate market discipline in the financial system. This tends to promote excessive lending, high leverage, speculation, and an unsustainable rise in asset prices. Un