Grancay, Martin (2008): Hypotekarna a financna kriza 2008: Priciny, opatrenia, dosledky.
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Abstract
The 2008 financial crisis has its origins in the US real estate market. By means of purchases of US mortgage-backed securities it spread to the portfolios of financial companies everywhere in the world and it is making its way to the real economy. The measures to be taken include cutting interest rates, government loans to the most affected financial institutions and purchase of troubled assets. As a result of the crisis, we anticipate substantial changes to the mechanisms operating the world financial system, as well as government interventions in market.
Item Type: | MPRA Paper |
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Original Title: | Hypotekarna a financna kriza 2008: Priciny, opatrenia, dosledky |
English Title: | The mortgage and financial crisis of 2008: Causes, measures taken, impacts |
Language: | Slovak |
Keywords: | subprime mortgage crisis, financial crisis, real estate market, crisis of confidence, banking system, United States |
Subjects: | A - General Economics and Teaching > A1 - General Economics > A10 - General G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages |
Item ID: | 16489 |
Depositing User: | Martin Grancay |
Date Deposited: | 11 Aug 2009 07:53 |
Last Modified: | 26 Sep 2019 22:04 |
References: | Banco de Mexico: Remesas Familiares – agosto de 2008. 1.10.2008. BIANCO, K.M.: The Subprime Lending Crisis: Causes and Effects of the Mortgage Meltdown. CCH, 2008. 21 pp. CHRISTIE, L.: Home – Big drop in speculation. CNN, 30.4.2007. DEMYANYK Y. – VAN HEMERT, O.: Understanding the Subprime Mortgage Crisis. Social Science Research Network, 2008. 32 pp. Fortune Global 500. 23.7.2007. LISÝ a kol.: Ekonómia – všeobecná ekonomická teória. Bratislava: Iura Edition, 2003. 507 pp. ISBN 80-89047-75-0. MACDONALD, J.: Watch out for bad-loan signs. 15.6.2004. MMF: Global Financial Stability Report 2008. Washington: MMF, 2008. 192 pp. ISBN 978-1-58906-720-2. MMF: World Economic Outlook: Financial Stress, Downturns and Recoveries. Washington: MMF, 2008. 240 pp. ISBN 978-1-58906-758-5. TONG, H. – WEI S.: Real Effects of the Subprime Mortgage Crisis: Is It a Demand or a Finance Shock? Washington: MMF, 2008. 37 pp. WP/08/186. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/16489 |