In September 2008, the United States experienced a substantial credit crisis on Wall Street leading to the bankruptcy of large and well established investment banks. Having a severe impact on the economy and consumers in both the United States and globally, congress passed a historic $700 billion rescue plan. Finance professor
Reena Aggarwal discusses the causes and consequences of the financial crisis on Wall Street, how the market is being affected, and how the $700 billion plan is designed to stabilize the economy.
Reena Aggarwal has been on the faculty of the McDonough School of Business since 1986. Her expertise is in the areas of initial public offerings, international stock markets, and market microstructure. She has authored numerous articles on initial public offerings in the U.S., Switzerland, Brazil, Mexico and Chile; emerging markets of Asia and Latin America; and functioning of stock exchanges. Her papers have been published in the Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Banking and Finance, Financial Management, Journal of Applied Corporate Finance and Journal of Portfolio Management.
