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.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsAuthor information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2014 The Authors
About this chapter
Cite this chapter
Lin, CY., Edvinsson, L., Chen, J., Beding, T. (2014). Impact of the 2008 Global Financial Crisis. In: National Intellectual Capital and the Financial Crisis in Australia, Canada, Japan, New Zealand, and the United States. SpringerBriefs in Economics. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-9308-2_2
Download citation
DOI: https://doi.org/10.1007/978-1-4614-9308-2_2
Published:
Publisher Name: Springer, New York, NY
Print ISBN: 978-1-4614-9307-5
Online ISBN: 978-1-4614-9308-2
eBook Packages: Business and EconomicsEconomics and Finance (R0)