In 2007, the world economy was hit by a banking crisis which
originated in the US. It is yet to recover fully from the impact of
the crisis. This book seeks to address issues thrown up by the
banking crisis, better known as the sub-prime crisis: Why do
banking crises happen so often and why is their impact so severe?
What were the main causes of the sub-prime crisis? In terms of bank
regulation, what steps have been taken to prevent such crises in
the future and make banking safer? Is banking today indeed safer
than in 2007? If not, what are the issues that remain to be
addressed in regulatory terms? The book is aimed primarily at
students of business management, economics and international
economics and at bank executives. The objective is to help them
understand the sub-prime crisis, why it is so important to make
banking safer, where the banking sector was in 2007 and where it is
now. It should also be of interest to general readers who are
curious to know what the sub-prime crisis was all about.
General
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