RETHINK
ECONOMICS
RETHINK
ECONOMICS
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The Crisis of Credit Visualized

Films for Action , 2009
Level: beginner
Perspective: Post-Keynesian Economics
Topic: Crises
Format: Explainer Video
Duration: 00:11:10
Link: https://vimeo.com/3261363

The historical situation of low interest rates after the Fed's response to the 2001 crisis alongside with huge foreign money inflow to the US are presented as the historical context in which subprime lending and financial instruments like CDOs and CDS evolved. Then those instruments as well as the concept of leverage are explained briefly.

Go to: The Crisis of Credit Visualized

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