02115nam a22003378a 4500 CR9780511984495 UkCbUP 20180107143416.0 m|||||o||d|||||||| cr|||||||||||| 101125s2011||||enk s ||1 0|eng|d 9780511984495 (ebook) 9781107011496 (hardback) 9781107648883 (paperback) UkCbUP UkCbUP rda HB 3717 2008 .L93 2011 330.90511 23 Lybeck, Johan A., author. A Global History of the Financial Crash of 2007–10 / [electronic resource] Johan A. Lybeck. Cambridge : Cambridge University Press, 2011. 1 online resource (416 pages) : digital, PDF file(s). text txt rdacontent computer c rdamedia online resource cr rdacarrier Title from publisher's bibliographic system (viewed on 09 Oct 2015). We have just experienced the worst financial crash the world has seen since the Great Depression of the 1930s. While real economies in general did not crash as they did in the 1930s, the financial parts of the economy certainly did, or, at least, came very close to doing so. Hundreds of banks in the United States and Europe have been closed by their supervisory authorities, forcibly merged with stronger partners, nationalized or recapitalized with the tax payers' money. Banks and insurance companies had, by mid 2010, already written off some 2000 billion dollars in credit write-downs on loans and securities. In this book, Johan Lybeck draws on his experience as both an academic economist and a professional banker to present a detailed yet non-technical analysis of the crash. He describes how the crisis began in early 2007, explains why it happened and shows how it compares to earlier financial crises. Global Financial Crisis, 2008-2009 Financial crises Print version: 9781107011496 http://dx.doi.org/10.1017/CBO9780511984495 Cambridge Books Online 236790 236790