This chapter states the book’s objectives and main policy messages ... The chapter also documents the progress Africa’s financial systems made before the 2008 crisis and trends since the crisis. This ...

Common wisdom, after all, holds that the failure acted as the detonator of the great financial crisis and recession of 2008-09. A review of what went wrong might offer a way to avoid such ...

Housing and the Financial Crisis looks at what happened to prices and construction both during and after the housing boom in different parts of the American housing market, accounting for why certain ...

However, in the wake of the financial crisis of 2008, the Federal Reserve and other central banks around the world adopted new “tools” (the term often used) to influence economic activity. In this ...

Much of this growth has taken place against the background of ultra-low interest rates since the 2007-08 financial crisis. McKinsey points out that roughly two-thirds of the total return for ...

Contagion Effect Leading to Global Financial Crisis The financial markets’ collapse in the U.S. had a contagion effect that spread to other countries, with many economists dubbing it a global ...

Reforms following the global financial crisis of 2008 were supposed to create a less risky financial world. But has a one-size-fits all approach to regulation simply created a false sense of security?