Advances in Economics, Management and Political Sciences
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Proceedings of the 2023 International Conference on Management Research and Economic Development
Series Vol. 25 , 13 September 2023
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The Anatomy of Global Financial Crisis: A Comprehensive Analysis
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Abstract
The topic of this article is an analysis of the 2008 Financial Crisis and its inspiration for the complicated economy under COVID-19 and the Russia-Ukraine conflict. The background of this article is that uncertainty and fluctuation occur frequently in the global macroeconomic and 2022’s economic Nobel Prize draws attention to the research of financial crisis. The article will introduce the cause of the 2008 Financial Crisis in 3 aspects: Fed’s monetary policy, subprime mortgages, and credit default swaps. Then it will come to the consequence of the 2008 Financial Crisis with several exact examples. After that, changes due to the 2008 Financial Crisis will be introduced from 2 dimensions, which are Dodd-Frank Act and Basel III. That section also discusses the application of certain regulation or rules and their influence on the post-crisis era. In conclusion part, this article will show the significance of the 2008 Financial Crisis and its application to today’s economic problems under a complex external environment.
Keywords
mortgage-backed securities, risk management, financial regulation
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2023 International Conference on Management Research and Economic Development
- ISBN (Print)
- 978-1-915371-93-5
- ISBN (Online)
- 978-1-915371-94-2
- Published Date
- 13 September 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/25/20230477
- Copyright
- 13 September 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited