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The financial crisis: who is to blame?

Davies, Howard (2010) The financial crisis: who is to blame? Polity Press, Cambridge, UK. ISBN 9780745651637

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Abstract

There is still no consensus on who or what caused the financial crisis which engulfed the world, beginning in the summer of 2007. A huge number of suspects have been identified, from greedy investment bankers, through feckless borrowers, dilatory regulators and myopic central bankers to violent video games and high levels of testosterone among the denizens of trading floors. There is not even agreement on whether the crisis shows a need for more government intervention in markets, or less: some maintain that government encouragement of home ownership lay at the heart of the problem in the US, in particular. In The Financial Crisis Howard Davies charts a course through these arguments, and the evidence advanced for each of them. The reader can thereby assess the weight to be attached to each, and the likely effectiveness of the remedies under development.

Item Type: Book
Official URL: http://www.polity.co.uk/
Additional Information: © 2010 Howard Davies
Library of Congress subject classification: H Social Sciences > HG Finance
H Social Sciences > HB Economic Theory
Sets: Collections > Economists Online
Research centres and groups > Director's Management Team
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 30 Jul 2010 09:03
URL: http://eprints.lse.ac.uk/28895/

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