Houses Built on Sand: The “Global Financial Crisis”

Lúcio Vinhas de Souza ()
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Lúcio Vinhas de Souza: Havard University

Chapter Chapter 5 in A Century of Global Economic Crises, 2024, pp 67-94 from Springer

Abstract: Abstract The “Great Moderation” had many implications, some intended, some unintended, some positive, some less so. One of those was a greater appetite for financial risk (e.g., for returns) in different asset classes, caused by stable low rates and parallel to and enabled by greater financial deregulation and innovation.

Date: 2024
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DOI: 10.1007/978-3-031-53460-7_5

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