An autopsy of the U.S. financial system
By: Ross Levine
Contributors: National Bureau of Economic Research
Series: NBER working paper series -- working paper 15956; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 15956.
Publisher: National Bureau of Economic Research
Published: 2010
Place of publication: Cambridge, MA
Language: eng
Format: [electronic resource] /
Description: "In this postmortem, I find that the design, implementation, and maintenance of financial policies during the period from 1996 through 2006 were primary causes of the financial system's demise.  The evidence is inconsistent with the view that the collapse of the financial system was caused only by the popping of the housing bubble and the herding behavior of financiers rushing to create and market increasingly complex and questionable financial products.  Rather, the evidence indicates that regulatory agencies were aware of the growing fragility of the financial system associated with their policies during the decade before the crisis and yet chose not to modify those policies"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 5/11/2010.

Includes bibliographical references.

Also available in print.

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Mode of access: World Wide Web.