Abstract
In September 2008 the bankruptcy of Lehman Brothers came as a complete surprise, as was the fact that the financial system was on the verge of implosion. Media, economists and politicians failed to notice the biggest asset bubble in history, the toxic brew of sub-prime mortgages and financial derivatives based on them and the extent of fraud in an outsized and overleveraged financial system.
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© 2016 Hans van Zon
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van Zon, H. (2016). Introduction. In: Globalized Finance and Varieties of Capitalism. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781137560278_1
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DOI: https://doi.org/10.1057/9781137560278_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-71953-2
Online ISBN: 978-1-137-56027-8
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