ISBN: 9789810820961
Paperback: 36 pages
NUS School of Business
Jan 2009
Price: S$7.38 |
Financial
Crisis 2008
After the shock bankruptcy of Lehman Brothers in mid-September of
2008, the faculty from the National University of Singapore Business
School undertook to write a series of essays in October for The Straits
Times. Little did they know ' that October itself was one of the most
volatile periods. A substantial risk of a financial meltdown was barely
averted. and global credit markets froze.
The severe 2008 financial crisis in the USA has
already spilt over into the real economy. It is also infecting the
interconnected world. It will probably be one of the most serious
crises threatening the world. Will it be more like the perfect storm
of 1907 or the Great Depression of 1929? In years to come, much
ink and analyses will be devoted to the dramatic events of 2008,
their root causes and the aftermath.
This
compilation of the October tutorials serves as one useful lens of
an eventful month in an eventful year. |
