C/F/44. Why Did Stock Markets go Down in UK and US in the early years of this decade?
(2004, 1800 words)
In the early years of this decade there were substantial falls in both US and UK stock markets, even though the recession during this period in the US was not very sever and there was no recession in the UK. The paper attempts to identify whether we possess a satisfactory explanation of why stock markets fell by so much in these two countries.
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