Rose, Andrew; Spiegel, Mark - 2009
: Comments Welcome
Revised as of: September 25, 2009
Abstract
This paper models the causes of the 2008 financial crisis … “RS”, we modeled the causes of the 2008 financial
crisis together with its manifestations, using a Multiple Indicator Multiple Cause (MIMIC)
model … emphasize at the outset that this project has a limited scope. Two blinkers are
particularly important. First, our analysis is cross‐sectional in nature, and is focused
deliberately on a period of time when we know there was a major financial/economic crisis …