The global financial crisis: Some sugges
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M. Umer Chapra
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Article
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2011
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John Wiley and Sons
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English
โ 220 KB
## 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