Financial Crisis: Who Is to Blame?

There is still no consensus on who or what caused the financial crisis which engulfed the world, beginning in the summer of 2007.

A huge number of suspects have been identified, from greedy investment bankers, through feckless borrowers, dilatory regulators and myopic central bankers to violent video games and high levels of testosterone among the denizens of trading floors. There is not even agreement on whether the crisis shows a need for more government intervention in markets, or less: some maintain that government encouragement of home ownership lay at the heart of the problem in the US, in particular.

In The Financial Crisis Howard Davies charts a course through these arguments, and the evidence advanced for each of them. The reader can thereby assess the weight to be attached to each, and the likely effectiveness of the remedies under development.

Author: Howard Davies
Publisher: Polity Press
Published: 09/07/2010
Pages: 240
Binding Type: Paperback
Weight: 0.79lbs
Size: 8.90h x 5.90w x 0.70d
ISBN: 9780745651644

Review Citation(s):
Choice 03/01/2011

About the Author
Howard Davies is the director of the London School of Economics and Political Science.

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