MY Insight
Lessons of the Financial Crisis
Where do we go from here?
Martínez Abascal, Eduardo
Date: Third Quarter 2009
Tags: risk, profit, investment, Triple-A rating, CDO
There’s no question about it: If we look at the size of the rescue packages and the diversity of financial institutions affected during the past year, we have just witnessed the most serious financial crisis since the Great Depression. And the epicenter of the crisis is located in the United States and the United Kingdom, the two economies that were once considered the pillars of the global financial system. Analyzing the causes of the problems, we may extract some lessons for the future.