Østrup, Finn; Oxelheim, Lars; Wihlborg, Clas - In: Asian Economic Papers 8 (2009) 3, pp. 178-220
Since July 2007, the world economy has experienced a severe financial crisis that originated in the U.S. housing market. Subsequently, the crisis has spread to financial sectors in European and Asian economies and led to a severe worldwide recession. The existing literature on financial crises...