Imprudent Lending and the Sub-Prime Crisis
An Austrian School Perspective
Bibliographic Data
| ID | 14970804 |
|---|---|
| Authors | Sinclair Davidson (0000-0003-4201-1077, corresponding author) |
| Year | 2010 |
| Volume | 19 |
| Issue | 1 |
| Pages | 105-116 |
| Publication date | 2010-01-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Griffith Law Review (JOURNAL) |
| Journal identifiers | ISSN: 1038-3441 • E-ISSN: 1839-4205 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/10854671.2010.10854671 |
| OpenAlex | W2067700777 |
| Language | EN |
| References cited | 8 |
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
Business · Economic Justice · Economics · Financial crisis · Financial system · Government (linguistics · Legislation · Political science · Politics · Prime (order theory · Prime minister · Project commissioning · Publishing · Unintended consequences · Banking stability, regulation, efficiency · Housing Market and Economics · Housing, Finance, and Neoliberalism · Law · Finance
| Citation velocity | historical |
|---|---|
| Highly cited | No |