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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.