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During the 2008 global financial crisis, the BSE SENSEX experienced a sharp decline. It dropped from over 21,000 points in January 2008 to below 8,000 points in October 2008. [153] October 8, 2008: The Indonesian stock market halted trading after a 10% drop in one day. [154]
Recessions. Many factors directly and indirectly serve as the causes of the Great Recession that started in 2008 with the US subprime mortgage crisis.The major causes of the initial subprime mortgage crisis and the following recession include lax lending standards contributing to the real-estate bubbles that have since burst; U.S. government housing policies; and limited regulation of non ...
In the final quarter of 2008, the financial crisis saw the G-20 group of major economies assume a new significance as a focus of economic and financial crisis management. The crisis accelerated the financialization of states around the world, as governments increased the use of market instruments to achieve public goals through approaches like ...
The United States entered 2008 during a housing market correction, a subprime mortgage crisis and a declining dollar value. [2] In February, 63,000 jobs were lost, [ 3 ] a 5-year record. [ 4 ] In September, 159,000 jobs were lost, bringing the monthly average to 84,000 per month from January to September 2008.
We all know the story of the Global Financial Crisis by now. It put an end to the Great Moderation, a period of economic stability after inflation reached insane heights in the early ’80s .
Robert J. Shiller (2008), The Subprime Solution: How Today's Global Financial Crisis Happened, and What to Do About It. ISBN 0-691-13929-6. JC Coffee, ‘What went wrong? An initial inquiry into the causes of the 2008 financial crisis’ (2009) 9(1) Journal of Corporate Law Studies 1; Marchionne, Francesco; Fratianni, Michele U. (10 April 2009).
The Financial Crisis Inquiry Commission (FCIC) was established in 2010 to investigate the causes of the financial crisis of 2007–2008. [1] The Commission, [ 2 ] led by Phil Angelides , held public hearings, gathered testimony from hundreds, and released its report in January 2011.
A study of mental health data in America from directly after the 2007–2008 financial crisis and the Great Recession, however, found that women experienced more stress than men because they were more likely to be the financial managers of the household and therefore felt the impact of the recession on household budgets more. [64]