2008krisen
2008krisen, in Danish sources commonly referred to as the global financial crisis of 2007–2008, was a severe worldwide economic downturn that began with the collapse of the United States housing market and spread through global financial systems. The crisis was driven by excessive risk-taking in the financial sector, high leverage, and complex instruments tied to subprime mortgages, compounded by gaps in regulation and supervision.
Key events in 2007–2008 included a liquidity squeeze for banks, the failure or rescue of major institutions,
Impacts were wide-ranging: many economies experienced sharp contractions in gross domestic product, asset prices fell, unemployment
Responses and legacy: regulators and policymakers implemented reforms aimed at strengthening financial stability, including higher capital