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Economic and Social Effects of the Subprime Financial Crisis of the Summer 2007: Current Issues and Implications for Vietnam
[Effets socio-économiques de la crise des subprimes : implications pour le Vietnam]

Author

Listed:
  • Jean-Marc Lauzanas

    (LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - IEMN-IAE Nantes - Institut d'Économie et de Management de Nantes - Institut d'Administration des Entreprises - Nantes - UN - Université de Nantes)

  • Yves Perraudeau

    (LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - IEMN-IAE Nantes - Institut d'Économie et de Management de Nantes - Institut d'Administration des Entreprises - Nantes - UN - Université de Nantes)

  • Adrian Pop

    (Nantes Univ - IAE Nantes - Nantes Université - Institut d'Administration des Entreprises - Nantes - Nantes Université - pôle Sociétés - Nantes Univ - Nantes Université)

Abstract

Since the inception of the current financial crisis in August 2007, banking authorities around the world have paid great attention to the role financial intermediation plays in the propagation of the crisis to the real economy. The aim of this paper is to explain the pro-cyclicality of banking behavior, as well as the main channels through which the initial financial shock have impacted the real economies. Our conjecture is that the pro-cyclicality in the banking activity is all the more relevant for the emerging countries in South-East Asia, where the financial systems are predominantly "bank-oriented."

Suggested Citation

  • Jean-Marc Lauzanas & Yves Perraudeau & Adrian Pop, 2012. "Economic and Social Effects of the Subprime Financial Crisis of the Summer 2007: Current Issues and Implications for Vietnam [Effets socio-économiques de la crise des subprimes : implications pour ," Post-Print hal-04212924, HAL.
    • Handle: RePEc:hal:journl:hal-04212924
    as

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