Allen, David E.; McAleer, Michael; Powell, Robert; … - 2015
government allowed the investment bank Lehman Brothers to go bankrupt (GFC2). The third shock is 9 May 2010, which marked the … captures both the Global Financial Crisis (GFC) and the subsequent European Sovereign Debt Crisis (ESDC). The attraction of the … mortgage debt. It took a year for the financial crisis to come to a head, but it did so on 15 September 2008, when the US …