To Our Contributors
Guidelines for Authors
Guidelines for Book Reviews
Guidelines for Cases
Submit Article
Keyword Search
Advanced Search
Article Abstracts|Case Abstracts
Public Systems
Agriculture and Rural Development
Strategic Management and Leadership
Global Management
Organizational Behaviour and HRD
Operations Management
Information Technology and Systems
Accounting and Control
Innovation and Entrepreneurship
To give your feedback please contact us on
1 - 1 of 1 Items
Title: From Wall Street to Main Street:The Financial Crisis in the US
Authors: Douglas Young
Issue/Year: Jul-2009
Section: Article
Abstract: What caused the ‘meltdown’ in the US financial markets? In this transcribed version of his talk delivered at IIMA, the author explores the variety of factors that influenced the housing boom and bust and discusses how that affected the household saving behaviour and the behaviour of lenders in the mortgage market, ultimately culminating into a financial crisis. The factors which led to the crisis include public policy, financial innovation, and just plain ‘bubble mania’ – the belief that real estate prices would just keep on rising forever. The policy responses are in three stages – (a) prevention of a collapse in the financial system; (b) Economic Stimulus and Recovery Act in place to cut taxes, increase infrastructure spending, etc., and (c) regulatory reforms for the financial system. The consequences of financial crisis for the Wall Street, Main Street, and India are also discussed.
Full Text: Click here to download
Download Acrobat Reader