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Persistent link: https://www.econbiz.de/10010255419
This paper examines two theories of the 'subprime crisis' or 'GFC'. The 'financial architecture' theory holds that the failure of the financial system was fundamentally driven by institutional faults, especially in private sector risk management and public sector regulation and underpins the...
Persistent link: https://www.econbiz.de/10010722722