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Global Financial Crisis : Analysis and Policy Implications

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Summary

Examines global financial crisis caused by bursting of U.S. housing market bubble and rise in mortgage foreclosures. Covers U.S. interests; origins, contagion, and risk of current crisis; effects o...

Examines global financial crisis caused by bursting of U.S. housing market bubble and rise in mortgage foreclosures. Covers U.S. interests; origins, contagion, and risk of current crisis; effects on emerging markets; impact and response in Europe and Asia; and international policy issues. Addresses new challenges and policy in managing financial risk. Includes tables and graphs.

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