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The financial crisis of 2007–08 was a severe contraction of liquidity in global financial markets that originated in the United States as a result of the collapse of the U.S. housing market.
The 2007–2008 financial crisis, or the global financial crisis (GFC), was the most severe worldwide economic crisis since the 1929 Wall Street crash that began the Great Depression. Causes of the crisis included predatory lending in the form of subprime mortgages to low-income homebuyers and a resulting housing bubble, excessive risk-taking ...
Jun 11, 2024 · What Causes a Financial Crisis? A financial crisis may have multiple causes. Generally, a crisis can occur if institutions or assets are overvalued and can be exacerbated by irrational or...
- Will Kenton
- 1 min
Aug 25, 2024 · The 2008 financial crisis began with cheap credit and lax lending standards that fueled a housing price bubble. The low-quality loans were packaged and resold to financial...
- 2 min
May 13, 2015 · This paper has reviewed a very large body of research on the causes and effects of the most devastating financial crisis since the Great Depression, and the policy responses undertaken by central banks to deal with the crisis.
- Anjan V. Thakor
- 2015
May 26, 2024 · The global financial crisis of 2008 was the worst economic disaster since the Great Depression. It caused upheaval in financial markets around the world, brought down major banks, and left millions of people without homes, jobs or savings.
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Jun 6, 2024 · There were three causes of the 2008 financial crisis: deregulation, securitization, and the Fed's poor timing in lowering and raising interest rates.
