## 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
โฆ LIBER โฆ
Structural causes of the global financial crisis: a critical assessment of the 'new financial architecture'
โ Scribed by Crotty, J.
- Book ID
- 121763054
- Publisher
- Oxford University Press
- Year
- 2009
- Tongue
- English
- Weight
- 134 KB
- Volume
- 33
- Category
- Article
- ISSN
- 0309-166X
No coin nor oath required. For personal study only.
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The Global Financial Crisis of 2007-2009 has highlighted the resilience of the financial markets and broader economies from the developing world. This outcome owes much to the bitter experience and economic strategies developed and implemented at both a national and international level following the