Bordo, Michael D.; Jonung, Lars; Markiewicz, Agnieszka - In: CESifo economic studies : CESifo, a joint initiative of … 59 (2013) 3, pp. 449-488
The recent financial crisis starting in 2007–2009 is the longest and the deepest recession since the Great Depression of 1930. The crisis that originated in the US subprime mortgage markets spread and amplified through international financial markets and resulted in severe debt crises in...