Income inequality and wealth concentration as a root cause of the subprime crisis

The crisis that broke out in August 2007 was caused by the fact that the market for collateralised debt obligations (CDOs) had grown to a size sufficient to wreak general havoc when it suddenly collapsed. One of the unresolved questions arising out of the subprime crisis concerns the precise role pl...

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Bibliographic Details
Main Author: Goda, Thomas
Published: London Metropolitan University 2013
Subjects:
Online Access:http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.590102