Global Financial Crisis as a Precursor to QE

Global Financial Crisis as a Precursor to QE

The bursting of the US housing bubble and the subsequent collapse of the sub-prime mortgage market triggered a series of events that led to what we now call the global financial crisis. Trevor discusses the monetary policy response to that crisis, in particular quantitative easing.
Overview

The bursting of the US house bubble, and the subsequent collapse of the sub-prime mortgage market, triggered a series of events that led to the global Financial Crisis. With these unprecedented impacts on the economy, a swift approach was needed - this came in the form of QE.

Key learning objectives:

  • Identify the role of the sub-prime mortgage market

  • Explain the impact of banks via securitisation

  • Describe the approaches of the FR, ECB and the BOE

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Summary
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Expert
Trevor Pugh

Trevor Pugh

Trevor has worked in finance since 1995. He started his career in investment banking after studying Law at Cambridge and taking a Masters Degree in Financial Services from University College Dublin. Trevor spent 18 years at Barclays investment bank where he became a Managing Director and head of Gilt trading. He currently works as Chief Operating Officer for a hedge fund.

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