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Introduction

  • D’Maris Coffman
  • Cinzia Lorandini
  • Marcella Lorenzini
Chapter
Part of the Palgrave Studies in the History of Finance book series (PSHF)

Abstract

In September 2007, the collapse of the Northern Rock Bank heralded a devastating financial crisis. That became evident with the failure of one of the biggest financial firms of the world, the Lehman Brothers in 2008. Before this, modern financial markets appeared robust and working efficiently: prosperity seemed unlimited and stability unquestionable. The crisis shifted soon from the financial sector to the real economy, infecting it with dramatic consequences on individuals’ lives, bringing with it recession and unemployment. This moment marked a watershed putting into discussion the current paradigms.

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • D’Maris Coffman
    • 1
  • Cinzia Lorandini
    • 2
  • Marcella Lorenzini
    • 3
  1. 1.Bartlett Faculty of the Built Environment, University College LondonLondonUK
  2. 2.Università degli Studi di TrentoTrentoItaly
  3. 3.Università degli Studi di MilanoMilanoItaly

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