Imprudent lending and the sub-prime crisis - An Austrian school perspective

Davidson, S 2010, 'Imprudent lending and the sub-prime crisis - An Austrian school perspective', Griffith Law Review, vol. 19, no. 1, pp. 105-116.


Document type: Journal Article
Collection: Journal Articles

Title Imprudent lending and the sub-prime crisis - An Austrian school perspective
Author(s) Davidson, S
Year 2010
Journal name Griffith Law Review
Volume number 19
Issue number 1
Start page 105
End page 116
Total pages 12
Publisher Griffith University, Griffith Law school, socio-legal research center
Abstract One of the contributory factors to the recent global financial crisis is the level of imprudent loans made by US banks and financial institutions. This article shows that US government legislation and regulation led to this behaviour. In pursuit of social justice objectives, the US government created an artificial market that ultimately had unintended and adverse consequences for the financial system.
Subject Financial Economics
Keyword(s) Banking
Global Financial Crisis
Copyright notice © 2010 Griffith University
ISSN 1038-3441
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