Financial Crisis Causes, Context and Consequences

A fascinating close-up analysis of the causes of the 2007/8 financial crisis and its consequences - Financial Crisis places the world of finance under the microscope, bringing together evidence of the involvement of banks, governments and regulators.

A fascinating close-up analysis of the causes of the 2007/8 financial crisis and its consequences, Financial Crisis places the world of finance under the microscope, bringing together evidence of the involvement of banks, governments and regulators. It questions some of its most dangerous and dubious practices, witnessed while searching for the answer to the question:

What really caused the financial crisis?

Financial Crisis

• offers a timeline of events, giving an accessible overview of the crisis – its prelude, its unfolding and its aftermath
• focuses upon how the seeds of the crisis were sown and how they grew
• highlights government responses to the crisis, and banking practices and failures from around the world
• includes exhibits and original press cuttings, providing a relevant context to the story and an aid to understanding
• examines the major context of the crisis, for example, securitisation, regulation, the decline in house prices, bankruptcies, and the consequent unemployment
• investigates frauds, swindles and the world’s largest Ponzi scheme
• provides parallels between the 2007/8 financial crisis and the Wall Street Crash of 1929, together with the Great Depression
• looks at lessons for the future, and suggests a roadmap to recovery

Essential reading for students of economics, finance, politics, contemporary history, public policy and ethics, and it is accessible to all interested in deepening their understanding of the financial crisis.

Adrian Buckley is Emeritus Professor of International Finance at Cranfield School of Management, Cranfield University, and Visiting Professor of Finance at the Free University, Amsterdam. Prior to entering academic life, he worked in banking, management consulting and as a group treasurer to a FTSE-100 company.

Features:

Every chapter contains the following

• FT article vignettes.
• Summary
• Key points and concepts
• References and further reading
• Websites
• End of chapter questions

Financial Crisis, penned by Adrian Buckley, offers a fascinating close-up analysis of the causes of the 2007/8 financial crisis and its consequences placing the world of finance under the microscope, bringing together evidence of the involvement of banks, governments and regulators. It questions some of its most dangerous and dubious practices, witnessed while searching for the answer to the question:

What really caused the financial crisis?