An Analysis of the Causes and Impacts of the 2008 Global Financial Crisis 

Mohammad A Shahzad

Abstract

This research evaluates the causes and consequences of the global financial crisis of 2008. The analysis indicates that the unrealistic assumptions were the major reason behind mispricing in the unregulated market causing credit default swaps which finally resulted in explosion of residential mortgage defaults. In the second half of the paper, we will discuss the consequences of this financial crisis and how it affected the global economy and resulted in unprecedented job losses.

Keywords   Great Recession, Global Recession, Credit Crunch, Global Financial Crises, Economic Downturn, Financial Meltdown

Journal   IOARP Journal of Business and Management
Volume   Volume 4
Issue   Issue 1, June 2024
Date Published   30 June 2024
Published in   IOARP Journal of Business and Management
Date Appeared in GDL   15 July 2024

Pages   6
Global Digital Library Number   GDL-IOAARP-JBM04-002
ISSN  
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