Report
Central banks and crisis management
Abstract: As 2007 began, historians prepared to reflect on several anniversaries of financial turmoil. It had been 10 years since the East Asian crisis, 20 years since the Black Monday stock market crash, 100 years since the Panic of 1907, and 150 years since the Hamburg financial crisis of 1857. Not many, however, could have predicted that 2007 would write its own chapter in history with the subprime mortgage meltdown.
Keywords: Banks and banking, Central; Financial crises;
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Annual Report
Publication Date: 2007
Pages: 7-20