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Cover Art
Author Corden, W. M. (Warner Max), 1927-

Title The world credit crisis : understanding it, and what to do / W. Max Corden.

Published [Parkville, Vic.] : Melbourne Institute of Applied Economic and Social Research, 2008.


Location Call No. Status
 UniM Bund  338.5 CORD {Bund81 20190820}    AVAILABLE
 UniM Bail SpC/UM  300.5 MELB  no.25 2008    NOT FOR LOAN
Physical description 22 pages : illustrations ; 21 cm.
Series Melbourne Institute working paper series, 1328-4991 ; no. 25/08.
Melbourne Institute working paper ; no. 2008/25.
Notes "December 2008"
Bibliography Includes bibliographical references (page 22)
Summary "This paper expounds a story in four stages to explain the world credit crisis, namely: (1) too much credit - an international perspective, (2) too much risk - reaction to low real interest rate, (3) the fatal flaw - the new complex financial instruments, and (4) the panic- bank lending dries up. The paper also discusses the relationship of this crisis to the often-expected crisis of the global imbalances, and it outlines various policy implications."--Melbourne Institute web site.
Other formats Also available on the internet.
Other author Melbourne Institute of Applied Economic and Social Research.
Subject Financial crises.
Financial instruments.
Local subject Internet access
ISBN 9780734032935