Financial crises, Economic bubbles, Systemic risk
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Financial crises, Economic bubbles, Systemic risk


  • GCSE, GNVQ, A-level, A2
  • 3035

Short excerpt:

An acute increase in the mortgage lending and an observable effect of wealth has boosted real estate bubbles as well as consumer spending in all developed countries. However the downswing in the property markets experienced by those contexts pushed this whole process in a reverse resulting downward mortgage loans, weakening of bank balance sheets and depression of consumer spending (Allen and Carletti, 2009 Nordlundm and Lundstrom, 2011 Woods, 2007). The collapse of the US banks in the year 2008 begun especially with the Lehman Brothers bank had a critical impact in triggering an era of crisis that quickly spread into the other parts of the globe as well. As a result of this crisis the inter banking market across the world has quickly dried out this was added with the additional factors

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