Economics, Econometrics and Finance
8 years ago

Financial innovation led to US subprime crisis, calls for stronger regulation.

1 view
Hainan Finance
Relationship between Financial Supervision and Financial Innovation under Subprime Mortgage Crisis in USA
Zheng Li

Paper Summary

The article explores how financial supervision and innovation contributed to the 2007 American Sub-prime crisis. It focuses on the role of complex financial products and mistakes in government regulation and monetary policy. The study suggests ways to improve financial regulation to prevent similar crises in the future.

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