Financial and sovereign debt crises and PPP market structure

Authored by: Etienne B. Yehoue

The Routledge Companion to Public–Private Partnerships

Print publication date:  February  2013
Online publication date:  March  2013

Print ISBN: 9780415781992
eBook ISBN: 9780203079942
Adobe ISBN: 9781136163302

10.4324/9780203079942.ch14

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Abstract

What originated in the world's most advanced financial system in 2007 as the Sub-Prime Mortgage crisis quickly transformed itself into one of the most severe financial crises since the Great Depression. A number of the largest and oldest financial institutions became subjects of bankruptcy, takeover, reorganization or government intervention, leading to one of the most significant transformations of the financial services landscape in history. As the financial services sector found itself in a full-scale crisis, funding availability and cost were severely impacted (Fengate 2008).

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