Garber, Peter M. - In: The 2008 global financial crisis in retrospect : causes …, (pp. 49-55). 2019
Peter Garber traces the crisis to three failed public sector projects launched in the late 1990s. These were a scheme to redistribute wealth by lending to uncreditworthy borrowers for real estate purchases in the US; China's export-driven growth strategy; and the launch of the euro in 1999. The...