An Overview of the Crisis: Causes, Consequences, and Solutions

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Subfields: Finance

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Contagion and Banking Crisis - International Evidence for 2007-2009 (2015, methodology): “The unconventional policy measures which aimed to reduce market uncertainty resulted in a degree of policy uncertainty due to lack of experience with the approaches implemented around the globe; see the critique in Allen and Carletti (2010).”
Spillover of COVID-19: Impact on the Global Economy (2020, background): “The 2008 global financial crisis, which translated to a recession, was caused by loose monetary policy which created a bubble, followed by subprime mortgages, weak regulatory structures, and high leverage in the banking sector (Allen and Carletti, 2010).”