Work

The Credit Crunch of 2007-2008: A Discussion of the Background, Market Reactions, and Policy Responses

Year: 2008

Type: article

Abstract: This article discusses the events surrounding the 2007-08 credit crunch. It highlights the period of exceptional macrostability, the global savings glut, and financial innovation in mortgage-backed securities as the precursors to the crisis.

DOI: 10.20955/r.90.531-568

Author: Paul Mizen

Language: English

Topic: Global Financial Crisis and Policies

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: gold

OpenAlex ID: W2159141406

FWCI: 44.27

Cites: 32

Cited by: 176

Related to: 10