Financial crisis 2008

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Bibliographic Details
Corporate Authors: Saw Centre for Financial Studies
Group Author: Png Ivan 1957-
Published: Saw Centre for Financial Studies,
Publisher Address: Singapore
Publication Dates: c2008.
Literature type: Book
Language: English
Series: Saw Centre financial studies ; no. 5
Subjects:
Carrier Form: xi, 83 p.: ; 22 cm.
ISBN: 9789810820961
9810820968
Index Number: F831
CLC: F831.59
Call Number: F831.59/F491-6
Contents: Failures on many fronts / Bernard Yeung -- Moral hazard : heads I win, tails you lose / Ivan Png -- The truly toxic combination / Ivan Png -- Liquidity shortages : some solid facts / Allaudeen Hameed -- Getting a firm grip on securitisation / Anand Srinivasan.
After the shock bankruptcy of Lehman Brothers in mid-September of 2008, a substantial risk of a financial meltdown was barely averted and global credit markets froze. The severe 2008 financial crisis in the USA has already spilt over into the real economy. It is also infecting the interconnected world. It will probably be one of the most serious crises threatening the world. Will it be more like the perfect storm of 1907 or the Great Depression of 1929? In years to come, much ink and analyses will be devoted to the dramatic events of 2008, their root causes and the aftermath. This book refle