http://worldcat.org/entity/work/id/892677944

Credit crises : from tainted loans to a global economic meltdown

"What are the transmission mechanisms during crises, how high are the related costs, and the question of whether crises are cyclical phenomena that hit the market from time to time. The authors try to find answers to these questions and show that there are many similarities between the credit crises that financial markets have experienced in the past. However here are also some specific elements which occur during a crisis. In this book, the characteristics of the subprime crisis are described in detail to show the mechanism behind credit crises in general, especially the transmission mechanisms of so-called second- and third-round effects."--Jacket.

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