Causes of the Financial Crisis

Summary

This report sets out in tabular form a number of the factors that have been identified as causes of the financial crisis that began in 2007. The left column of Table 1 summarizes the causal role of each such factor. The next column presents a brief rejoinder to that argument. The right-hand column contains a reference for further reading. Where text is given in quotation marks, the reference in the right column is the source, unless otherwise specified.