Advances in Economics, Management and Political Sciences
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Proceedings of the 3rd International Conference on Business and Policy Studies
Series Vol. 68 , 05 January 2024
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2008 Financial Crisis: Analysis and Guidance
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Abstract
The 2008 financial crisis in the United States severely impacted the global economy. Amid an escalating crisis, the US government implemented a series of bailout policies, which stabilized the domestic market and contributed to global economic recovery. This paper aims to investigate the reasons for the crisis and analyze the advantages and disadvantages of the policies implemented to derive recommendations for preventing and managing financial risks. Studies have indicated that effective government intervention through regulatory policies can prevent bank failures and the deterioration of financial crises. This provides valuable insight for dealing with potential financial risks posed by the Ukraine crisis and the COVID-19 pandemic. The findings of this research highlight the importance of implementing effective regulatory measures to safeguard the financial sector's stability.
Keywords
Financial Crisis, Subprime Mortgage, Economic Recovery, Basel III
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 3rd International Conference on Business and Policy Studies
- ISBN (Print)
- 978-1-83558-267-1
- ISBN (Online)
- 978-1-83558-268-8
- Published Date
- 05 January 2024
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/68/20241356
- Copyright
- 05 January 2024
- 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