The Disappointed: The “Great Recession” of 2008

Geoffrey D. Klinger, Jennifer Adams () and Kevin Howley ()
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Geoffrey D. Klinger: DePauw University
Jennifer Adams: DePauw University
Kevin Howley: DePauw University

Chapter Chapter 12 in Money Talks, 2022, pp 193-212 from Springer

Abstract: Abstract To view the Crash of 2008 as an isolated event, or to see it as a uniquely American phenomenon, is to see it falsely. It has much deeper historical, structural, and international roots. This chapter argues that the economic and market collapses of 2008 may have come on suddenly, but they did not arrive without warning. In the years leading up to the crash, there were undeniable signs that a collapse of this magnitude was forthcoming, and many of the policy responses had already been played out in similar crises in the United States and across the globe.

Keywords: Alan Greenspan; Crash of 2008; Debt crisis; Great Recession; Housing bubble; Too big to fail (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-00816-0_12

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DOI: 10.1007/978-3-031-00816-0_12

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