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Journal articles

La finance mondiale discréditée

Abstract : The crisis that began in summer 2007, after the reversal of the housing market in the United States, had a negative impact on the activity of international banks in the second half of 2007 and will also influence their results in 2008. Confidence has not been restored as doubts about banks’ solvency remain. The crisis has induced a rise in the financing conditions for companies and households. For the former, no deceleration of credit has been noticed yet. For the latter, there had already been a deceleration of credit due to the tightening of monetary policies in the years preceding the crisis. A less dynamic consumption may be observed, through wealth effects, in France, in Spain, in the United Kingdom and in the United States, due to the ongoing adjustment in housing markets.
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Submitted on : Wednesday, December 1, 2021 - 3:14:15 PM
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Christophe Blot, Eric Heyer, Sabine Le Bayon, Catherine Mathieu, Mathieu Plane, et al.. La finance mondiale discréditée. Revue de l'OFCE, Presses de Sciences Po, 2008, pp.275 - 302. ⟨10.3917/reof.105.0311⟩. ⟨hal-03461870⟩



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