Sudden evaporation of market confidence/trust
Confidence/trust in the ability of others to pay debts suddenly evaporated from the market: with the result that few are willing to risk lending any one else any money.
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The Global Financial Crisis »The Global Financial Crisis
Immediate triggers of the financial crisis? »Immediate triggers of the financial crisis?
Sudden evaporation of market confidence/trust
Commercial paper market froze up suddenly »Commercial paper market froze up suddenly
No one knows the scale of any player's existing liabilities »No one knows the scale of any player's existing liabilities
Risk that no one will want to lend anyone else money »Risk that no one will want to lend anyone else money
Banks' borrow-short-lend-long strategy backfired »Banks' borrow-short-lend-long strategy backfired
Inverse characteristics of trust and fear »Inverse characteristics of trust and fear
Sudden, sharp increase in global risk aversion by baby boomers »Sudden, sharp increase in global risk aversion by baby boomers
Information cascade »Information cascade
Global insolvency / bankruptcy »Global insolvency / bankruptcy
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