Subprime mortgages were poorly explained and complex in nature ... Contagion Effect Leading to Global Financial Crisis The financial markets’ collapse in the U.S. had a contagion effect that ...

The IMF’s Chief Economist explained in a November 2008 lecture how a crisis that began in mortgage-backed securities turned into the worst recession since the 1930s. For a time after the start of the ...

Amid the financial crisis, savers moved too - in their droves - worried about falling numbers of a different kind. The collapse of Lehman Brothers, and the subsequent bailouts of Royal Bank of ...

China’s debt has risen dramatically in the past decade, largely the result of credit fed to state-owned enterprises in the wake of the global financial crisis. To some, the debt mountain ...

Often it is not a bank—it is a shadow bank.­ Shadow banking, in fact, symbolizes one of the many failings of the financial system leading up to the global crisis. The term “shadow bank” was coined by ...