Mirakhor, Abbas; Krichene, Noureddine - Volkswirtschaftliche Fakultät, … - 2009
The current view defines financial crisis as the collapse of the financial asset market. It is said to be triggered … growth. The consequences of financial crisis are considered to be: (a) a large reduction in income and employment; (b) a … global financial crisis was triggered by the collapse of asset prices in the sub-prime mortgage sector of the US financial …