1. POLITICAL ECONOMY OF GLOBAL BANKING CRISES MUSTAFA AKAYDIN HALİL BÜLBÜL

2. REASONS OF GLOBAL BANKING CRISIS United States housing bubble. Higher interest rates in adjustable rate mortgages. Increase in loan incentives. Easy credit conditions. Sub-prime lending. Predatory lending. Deregulation. Over-leveraging.

3. US Current Account on Trade Deficit

4. REASONS OF GLOBAL BANKING CRISIS United States housing bubble. Higher interest rates in adjustable rate mortgages. Increase in loan incentives. Easy credit conditions. Sub-prime lending. Predatory lending. Deregulation. Over-leveraging.

5. US Subprime Lending Expanded Significantly 2004-2006

6. REASONS OF GLOBAL BANKING CRISIS United States housing bubble. Higher interest rates in adjustable rate mortgages. Increase in loan incentives. Easy credit conditions. Sub-prime lending. Predatory lending. Deregulation. Over-leveraging.

7. Leverage Ratios for Major Investment Banks

8. COMPARING THE RECENT CRISIS TO THE PAST 2008-2009 banking crisis far exceeds from past crises. Current banking crisis is much larger than the Great Depression in scale. More bank branches in 2008-2009 banking crisis than Great Depression.

9. COMPARING THE RECENT CRISIS TO THE GREAT DEPRESSION

10. U.S. Bank Failures, 1970-2009

11. U.S. Bank Failures, 1930-2009

12. Assets of Failed Banks and GDP

15. EFFECTS OF GLOBAL BANKING CRISIS Impact in the USA Unemployment Poverty Prices Private and Public Transfers Assets and Goods and Services Effects on Developing Countries

16. Impact in the USA

18. EFFECTS OF GLOBAL BANKING CRISIS Impact in the USA Unemployment Poverty Prices Private and Public Transfers Assets and Goods and Services Effects on Developing Countries

19. World map of countries by rate of unemployment

20. EFFECTS OF GLOBAL BANKING CRISIS Impact in the USA Unemployment Poverty Prices Private and Public Transfers Assets and Goods and Services Effects on Developing Countries

21. Impact of global financial crisis on poverty

22. EFFECTS OF GLOBAL BANKING CRISIS Impact in the USA Unemployment Poverty Prices Private and Public Transfers Assets and Goods and Services Effects on Developing Countries

24. SOLUTIONS OF GLOBAL BANKING CRISIS Deposit Insurance Bank Support Prompt Closure and Payout