Chapter 2: A trust-driven financial crisis
Michael Devereux (),
Authors registered in the RePEc Author Service: Hans-Werner Sinn (),
Xavier Vives (),
Giancarlo Corsetti (),
Luigi Guiso (),
Gilles Saint-Paul (),
John Hassler () and
Jan-Egbert Sturm ()
EEAG Report on the European Economy, 2010, 53-70
There are many important dimensions of the, hopefully overcome, financial crisis that have appeared in the vast debate that it has originated: its unprecedented size at least in the post World War II period; the fact that, contrary to many other financial crises (but similar to the 1929 collapse) it originated and had its epicenter in the US; its nature, the ingredients and proximate causes that triggered it: too much financial deregulation?; too relaxed monetary policy?; too much concentration of power in the hands of the banks following the impetuous wave of mergers during the late 1990s that amplified moral hazard and risk taking?
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Persistent link: https://EconPapers.repec.org/RePEc:ces:eeagre:v::y:2010:i::p:53-70
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