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Depression. Given that all of the earlier crises predate the creation of deposit insurance in 1933, and that three of the four …
Persistent link: https://www.econbiz.de/10011110861
The sub-prime crisis began in mid-2007 as a bursting of the US housing market bubble and became a truly global meltdown in 2008. Renewed instability in financial markets precipitated awareness of how policy makers must react to systemic failures. This paper discusses the primary policy issues...
Persistent link: https://www.econbiz.de/10009352452