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Crisis and resilience in a finance-led city: Effects of the global financial crisis in Leeds

✍ Scribed by Gonzalez, S.; Oosterlynck, S.

Book ID
121718273
Publisher
SAGE Publications
Year
2014
Tongue
English
Weight
363 KB
Volume
51
Category
Article
ISSN
0042-0980

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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