๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

SOME SALIENT ISSUES RAISED BY THE GLOBAL FINANCIAL CRISIS

โœ Scribed by Kyung Soo Kim; Hyoung-Kyu Chey


Book ID
111047749
Publisher
John Wiley and Sons
Year
2010
Tongue
English
Weight
131 KB
Volume
15
Category
Article
ISSN
1361-374X

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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