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Financial Globalization and the Onset of the Global Financial Crisis of 2008–9

  • Anthony Elson
Chapter
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Abstract

This chapter focuses on the antecedents and causes of the current financial crisis that erupted in the United States in mid-2007 and was then transformed into a global financial and economic crisis in September 2008. After the cascade of emerging market financial crises during 1994–2002 and the events surrounding the terrorist attacks of September 11, 2001, there was a period of relative calm in international financial markets. In this environment, a new wave of financial globalization unfolded that would intensify financial linkages among the advanced countries, as well as those between the advanced and emerging market economies.

Keywords

Housing Price Banking System Hedge Fund Credit Default Swap 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.

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Copyright information

© Anthony Elson 2011

Authors and Affiliations

  • Anthony Elson

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