The Global Financial Crisis: Causes, Collapse, and Lessons Learned

In this episode, we unpack the Global Financial Crisis of 2007–2009—how it began in the U.S. housing market and quickly rippled through the global financial system. We examine the key drivers, including excessive risk-taking, high leverage, and regulatory shortcomings, and trace the collapse that led to major institutional failures and a worldwide recession. We also explore the policy responses—like interest rate cuts, fiscal stimulus, and tighter financial regulation—and discuss why Australia weathered the storm better than most. A compelling look at one of the most significant economic events of our time.

Source: RBA