From Crisis to Recovery - The Roots of a Crisis


The suddenness of the financial crisis caught many unawares. In reality, financial pressures had been building for years as funds flooded from emerging economies like China to developed economies like the US This was exacerbated by banks’ increasingly reckless taste for risk.

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Chapter 2 looks at the roots of the financial crisis, including how techniques like securitisation greatly increased the vulnerability of banks to failure.

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