Honors Program Theses
Award/Availability
Open Access Honors Program Thesis
First Advisor
David Hakes
Keywords
Financial leverage; Mortgage-backed securities; Global Financial Crisis, 2008-2009;
Abstract
This thesis will analyze the recent financial crisis, attempting to find and explain sources that caused the crisis, which includes monetary excesses, mortgage-backed securities, the August 2007 bank panic, credit default swaps, and other causes. It will link together events and activities to provide a complete picture. Additionally, this thesis will compare financial leverage with Gross Domestic Product to determine if increases in financial leverage predate financial crises. Leverage, by itself, is not enough to cause a recession, as it exists at some level all the time. However, it may be possible that excessive amounts of leverage or increasing leverage predate such crises. If this is true, it is possible that leverage can be used as a predictor for upcoming deep recessions.
Year of Submission
5-2011
Department
Department of Economics
University Honors Designation
A thesis submitted in partial fulfillment of the requirements for the designation University Honors
Date Original
5-2011
Object Description
1 PDF file (33 pages)
Copyright
©2011 Larissa A. French
Language
en
File Format
application/pdf
Recommended Citation
French, Larissa A., "An Analysis of Financial Leverage and the 2007-2009 Financial Crisis" (2011). Honors Program Theses. 862.
https://scholarworks.uni.edu/hpt/862
Comments
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