The Financial and Economic Crisis of 2007–2009

Kamran Dadkhah ()
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Kamran Dadkhah: Northeastern University

Chapter Chapter 13 in The Evolution of Macroeconomic Theory and Policy, 2009, pp 241-260 from Springer

Abstract: The financial and economic crisis of 2007 started without warning and before long it had spread to many countries around the globe. Many have tried to blame one or another factor for the crisis. The fact of the matter is that such a crisis could not possibly have had a single cause. A combination of elements conspired to create it. It was first felt in the housing market. From there it spread to the credit market and ultimately affected the real part of the economy. In order to understand it we need to start from the beginning and we need to understand a few concepts in finance.

Keywords: Interest Rate; Cash Flow; Financial Institution; Housing Market; Mutual Fund (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-77008-4_13

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DOI: 10.1007/978-3-540-77008-4_13

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