金融危機の原因を探る

●Martin Neil Baily, Robert E. Litan, and Matthew S. Johnson, “The Origins of the Financial Crisis”（The Initiative On Business and Public Policy, Brookings Institution, November 2008）

The financial crisis that has been wreaking havoc in markets in the U.S. and across the world since August 2007 had its origins in an asset price bubble that interacted with new kinds of financial innovations that masked risk; with companies that failed to follow their own risk management procedures; and with regulators and supervisors that failed to restrain excessive taking.

pdfファイルもあるのでお忘れなきよう。