The Credit Crunch of 2007: What Went Wrong? Why? What Lessons Can be Learned?

John C. Hull
Additional contact information
John C. Hull: University of Toronto, Canada

Chapter 11 in The First Credit Market Turmoil of the 21st Century:Implications for Public Policy, 2009, pp 161-174 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThis paper explains the products that were used to securitize mortgages during the period leading up to the credit crunch of 2007 and explains why many of these products have performed so badly. It also examines some of the lessons that can be learned from the crisis.

Keywords: Financial Crises; Systemic Risk; Credit Market Turmoil; International Financial Markets (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (20)

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789814280488_0011 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789814280488_0011 (text/html)
Ebook Access is available upon purchase.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789814280488_0011

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().