## Abstract Right now, the world is in the grips of a global financial crisis. The world economy is ailing. But what are the causes of this illness, and how can we heal it? The authors take a detailed look at the history, causes, and cure of our current economic woes. __Β© 2009 Wiley Periodicals, In
β¦ LIBER β¦
I. The context of the global financial crisis
β Scribed by Giovanni Ferri
- Book ID
- 111056407
- Publisher
- John Wiley and Sons
- Year
- 2008
- Tongue
- English
- Weight
- 70 KB
- Volume
- 37
- Category
- Article
- ISSN
- 0391-5026
No coin nor oath required. For personal study only.
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## Abstract The conventional view holds that the current global financial crisis was caused by extraordinarily high liquidity, reckless lending practices, and the rapid pace of financial engineering, which created complex and opaque financial instruments used for risk transfer. There was a breakdow