Understanding the Credit Crisis of 2007 to 2008

內容大綱
This note examines the background of the credit crisis of 2007-2008, discusses potential causes of it, and considers its ramifications. The exhibits contain a variety of pertinent data regarding the rise of securitization, debt levels, and typical aspects of financial crises. A new matrix is introduced for thinking about a country's potential economic performance at any point in time.
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