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The Financial Crisis Of 2007 – 2008 A Review Of The Timeline And Of Its Causes

Author

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  • CORNELIA POP

    (Faculty of Business, Babes-Bolyai University, Cluj-Napoca, Romania)

Abstract

The present paper tries to present the main events which marked the financial crisis of 2007-2008 in a timeline of crisis development, without making any additional comments on them. In the second part, the paper reviews the most recent papers on the causes of the crisis and tries to give an integrate explanation for the root causes of the crisis, as presented by the reviewed authors. The paper is the first in a series of an extensive investigation regarding the development and the evolution of the current financial crisis.

Suggested Citation

  • Cornelia Pop, 2009. "The Financial Crisis Of 2007 – 2008 A Review Of The Timeline And Of Its Causes," JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA, Babes-Bolyai University, Faculty of Business.
    • Handle: RePEc:bbn:journl:2009_2_4_pop
    as

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    File URL: http://tbs.ubbcluj.ro/RePEc/bbn/journl/2009_2_4_Pop.pdf
    File Function: Revised version, 2009
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    References listed on IDEAS

    as
    1. Olivier Blanchard, 2009. "The Crisis: Basic Mechanisms and Appropriate Policies," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 10(01), pages 3-14, April.
    2. Adrian Blundell-Wignall & Paul E Atkinson, 2008. "The Sub-prime Crisis: Causal Distortions and Regulatory Reform," RBA Annual Conference Volume (Discontinued), in: Paul Bloxham & Christopher Kent (ed.),Lessons from the Financial Turmoil of 2007 and 2008, Reserve Bank of Australia.
    3. Markus K. Brunnermeier, 2009. "Deciphering the Liquidity and Credit Crunch 2007-2008," Journal of Economic Perspectives, American Economic Association, vol. 23(1), pages 77-100, Winter.
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    Cited by:

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    More about this item

    Keywords

    financial crisis; causes; subprime mortgages; structured finance products;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises

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