Abstract
This global financial crisis is believed to be a direct result of the risky investments in the USA, fueled by a combination of low interest rates, loosening lending standards, growing consumer appetite for debt, and extensive use of securitization. The questionable assessments of credit rating agencies, less disciplined risk management, failure in adequately applying regulations, and the global nature of the financial markets had resulted in the crisis with serious repercussions worldwide, particularly in Europe.
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Lin, CY., Edvinsson, L., Chen, J., Beding, T. (2014). Impact of the 2008 Global Financial Crisis. In: National Intellectual Capital and the Financial Crisis in Australia, Canada, Japan, New Zealand, and the United States. SpringerBriefs in Economics. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-9308-2_2
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DOI: https://doi.org/10.1007/978-1-4614-9308-2_2
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Publisher Name: Springer, New York, NY
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Online ISBN: 978-1-4614-9308-2
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