Kamin, Steven B.; DeMarco, Laurie Pounder - In: Journal of International Money and Finance 31 (2012) 1, pp. 10-41
The global financial crisis clearly started with problems in the U.S. sub-prime sector and spread across the world from there. But was the direct exposure of foreigners to the U.S. financial system a key driver of the crisis, or did other factors account for its rapid contagion across the world?...