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The First-World debt crisis of 2007-2010 in global perspective

Wade, Robert Hunter (2008) The First-World debt crisis of 2007-2010 in global perspective. Challenge, 51 (4). pp. 23-54. ISSN 0577-5132

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Abstract

We do not yet know how bad the current credit crisis will get. But we do know that policies in rich nations, dominated by the United States, were often the opposite of corrective. As the author writes in this incisive review of the events that led to the crisis, while boom times rolled on, the cost of credit fell, generating pro-cyclical momentum that made matters worse. A new regulatory apparatus is needed, he argues, one that is more aggressive than is currently being discussed.

Item Type: Article
Official URL: http://www.challengemagazine.com/
Additional Information: © 2008 M. E. Sharpe
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
Sets: Departments > International Development
Collections > Economists Online
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 10 Dec 2010 14:35
URL: http://eprints.lse.ac.uk/30660/

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