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Background Note
| HBS Case Collection
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2010
(Revised from original 2008 version)
Understanding the Credit Crisis of 2007 to 2008
by
Arthur I Segel and Ben Creo
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Abstract
This note details the background of the credit crisis, discusses potential causes of it, and considers its ramifications. The exhibits contain a variety of pertinent data regarding the rise of securitization, debt levels, and typical aspects of financial crises. A new matrix is also introduced for thinking about a country's potential economic performance at any point in time.
Keywords: Financial Crisis;
Borrowing and Debt;
Credit;
Financial Instruments;
Financial Management;
Financial Markets;