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portada Costs of Government Interventions in Response to the Financial Crisis: A Retrospective
Type
Physical Book
Publisher
Author
Language
English
Pages
48
Format
Paperback
Dimensions
28.0 x 21.6 x 0.3 cm
Weight
0.14 kg.
ISBN13
9781502955159
Categories

Costs of Government Interventions in Response to the Financial Crisis: A Retrospective

Congressional Research Service (Author) · Createspace · Paperback

Costs of Government Interventions in Response to the Financial Crisis: A Retrospective - Congressional Research Service

New Book Imported to Austria
Delivery: 28 Jul - 04 Aug Shipping: 17 to 21 business days.
26,42 €
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Synopsis "Costs of Government Interventions in Response to the Financial Crisis: A Retrospective"

In August 2007, asset-backed securities (ABS), particularly those backed by subprime mortgages, suddenly became illiquid and fell sharply in value as an unprecedented housing boom turned into a housing bust. Losses on the many ABS held by financial firms depleted their capital. Uncertainty about future losses on illiquid and complex assets led to firms having reduced access to private liquidity, sometimes catastrophically. In September 2008, the financial crisis reached panic proportions, with some large financial firms failing or having the government step in to prevent their failure.

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