Four myths and a financial crisis
โ
Radu Vranceanu
๐
Article
๐
2011
๐
John Wiley and Sons
๐
English
โ 589 KB
## Abstract The main driving force of the financial crisis of 2007โ2009 was a rapid deterioration of the trust of private agents in the quality of financial institutions. In turn, this loss of confidence entailed a sharp decline in many asset prices and brought to their knees several large financia