Since the summer of 2007, participants in financial markets have been confronted by a crisis of their own making. In order to prevent the recurrence of a similar crisis in the future, the G-20 nations, at their finance summit in Washington on 15 November 2008, resolved to "ensure that all...

The recent international financial crisis was basically caused by the indiscreet extending of “subprime” loans to the American people for the purchase of property in the United States. Scholars have come up with various opinions in order to understand whether this was actually the cause of...