IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-11801-0_1.html
   My bibliography  Save this book chapter

Introduction

In: Governing Global Finance

Author

Listed:
  • Anthony Elson

Abstract

In September 2008, policy makers in the major financial center countries feared a collapse of the international financial system and an economic crisis unprecedented since the Great Depression of the early 1930s. Indeed, in the space of a couple of months, a problem that had developed in the subprime mortgage market of the US financial system was transformed into a global financial crisis. The size of this financial shock and the speed of its transmission were largely unanticipated by market analysts and policy makers. The economic and financial costs of this crisis in terms of lost output, unemployment, and the decline in personal wealth have been enormous. The crisis has also raised important questions about the stability of the international financial system and the actions that are needed to reinforce the collective governance of that system.

Suggested Citation

  • Anthony Elson, 2011. "Introduction," Palgrave Macmillan Books, in: Governing Global Finance, chapter 0, pages 1-8, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-11801-0_1
    DOI: 10.1057/9780230118010_1
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-11801-0_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.