Von der Subprime-Krise zur Finanzkrise (From Subprime Crisis to Financial Crisis)

The subprime crisis has become a financial crisis. The book analyses the causes of the subprime crisis, describes the effects on the financial and real economy and gives concrete recommendations on how to avoid similar crises hereafter. The analysis shows the creation and spread of the financial crisis as a process. The role and strategies of the major players in the financial crisis are examined. These are mortgage banks, investment banks, rating agencies, commercial banks, central banks and auditing companies as well as hedge funds and private equity companies. The jury of the Association of the German Language (GfdS) (http://www.gfds.de) chose "financial crisis" as the "word of the year 2008", as this term was almost ubiquitous in public discourse throughout the year 2008.

 

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