Hypotekarna a financna kriza 2008: Priciny, opatrenia, dosledky
[The mortgage and financial crisis of 2008: Causes, measures taken, impacts]
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.
|Date of creation:||Dec 2008|
|Date of revision:|
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- Yuliya Demyanyk & Otto Van Hemert, 2011.
"Understanding the Subprime Mortgage Crisis,"
Review of Financial Studies,
Society for Financial Studies, vol. 24(6), pages 1848-1880.
- Hui Tong & Shang-Jin Wei, 2008.
"Real Effects of the Subprime Mortgage Crisis; Is it a Demand or a Finance Shock?,"
IMF Working Papers
08/186, International Monetary Fund.
- Hui Tong & Shang-Jin Wei, 2008. "Real Effects of the Subprime Mortgage Crisis: Is it a Demand or a Finance Shock?," NBER Working Papers 14205, National Bureau of Economic Research, Inc.
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