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Impact of the 2008 Global Financial Crisis

  • Carol Yeh-Yun Lin
  • Leif Edvinsson
  • Jeffrey Chen
  • Tord Beding
Chapter
Part of the SpringerBriefs in Economics book series (BRIEFSECONOMICS)

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.

Keywords

Gross Domestic Product Financial Crisis Global Financial Crisis Australian Economy Current Account Deficit 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© The Authors 2014

Authors and Affiliations

  • Carol Yeh-Yun Lin
    • 1
  • Leif Edvinsson
    • 2
  • Jeffrey Chen
    • 3
  • Tord Beding
    • 4
  1. 1.Dept. of Business AdministrationNational Chengchi UniversityTaipeiTaiwan
  2. 2.Universal Networking Intellectual CapitaNorrtaljeSweden
  3. 3.AccentureChicagoUSA
  4. 4.TC-Growth ABKarlstadSweden

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