Financial Crisis: Causes, Impact, and Legacy (Global)

The global financial crisis of the late 2000s was a watershed event in financial markets. Problems originating in one local market (US subprime lending) set off a train of events that ultimately led to the need for concerted action by central banks and governments to prevent the complete collapse of the global financial system.

This course describes the unfolding of this historic event, from the development of the crisis in the US to its spread across global markets and institutions. It also looks at how the authorities responded and the lessons to be learned for future generations.