HAS THE U.S. FINANCIAL CRISIS EVOLVED INTO A GLOBAL MACROECONOMIC DOWNTURN?
HAS THE U.S. FINANCIAL CRISIS EVOLVED INTO A GLOBAL MACROECONOMIC DOWNTURN?

Summary/Abstract: Jickling contends that share prices for large banks, small banks, and investment banks have all significantly underperformed the market as a whole. Nanto et al. note that what began as a bursting of the U.S. housing market bubble and a rise in foreclosures has ballooned into a global financial crisis. Frank et al. assert that commercial paper is a common source of short-term financing for firms with high-quality debt.

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