期刊名称：Financial Stability Review / Monetary Authority of Singapore
电子版ISSN：1793-3463
出版年度：2007
卷号：1
页码：7-7
出版社：Monetary Authority of Singapore
摘要：Following the last FSR in Dec 2006, global financial
markets saw a continuation of the search for yields
amidst low financial market volatility and the strong
macroeconomic environment in the first half of the
year. The fairly sanguine environment was
disrupted in February and March by equity market
sell-offs, one of the initial signs that the rise in risktaking
activity could not continue indefinitely without
some re-pricing. The second half of 2007 saw an
even more serious disruption in financial markets
as the US subprime mortgage crisis unfolded.
Almost all markets, especially structured credit
markets, were disrupted. As a result, liquidity in
global interbank markets seized up and the major
central banks intervened to stabilise the markets.
Loading...
