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The Mismanagement of Credit Risk

In: Financial Boom and Gloom

Author

Listed:
  • Dimitris N. Chorafas

    (New York Academy of Sciences)

Abstract

We are still in the midst of a major financial crisis that hit the western world in a vicious manner, and continues to shake the confidence of businesses and of consumers. For all practical purposes the Federal Reserve has got it wrong (Chapter 2), starting with Alan Greenspan who tried to work out his surroundings by feeling his way by touch in a darkened room. Additionally, an uncontrolled financial globalization has made things worse, not better (Chapter 3).

Suggested Citation

  • Dimitris N. Chorafas, 2009. "The Mismanagement of Credit Risk," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Financial Boom and Gloom, chapter 1, pages 3-33, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-0-230-23583-0_1
    DOI: 10.1057/9780230235830_1
    as

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