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Hypotekarna a financna kriza 2008: Priciny, opatrenia, dosledky
[The mortgage and financial crisis of 2008: Causes, measures taken, impacts]

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  • Grancay, Martin

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.

Suggested Citation

  • Grancay, Martin, 2008. "Hypotekarna a financna kriza 2008: Priciny, opatrenia, dosledky [The mortgage and financial crisis of 2008: Causes, measures taken, impacts]," MPRA Paper 16489, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:16489
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    References listed on IDEAS

    as
    1. Yuliya Demyanyk & Otto Van Hemert, 2011. "Understanding the Subprime Mortgage Crisis," The Review of Financial Studies, Society for Financial Studies, vol. 24(6), pages 1848-1880.
    2. Mr. Hui Tong & Shang-Jin Wei, 2008. "Real Effects of the Subprime Mortgage Crisis: Is it a Demand or a Finance Shock?," IMF Working Papers 2008/186, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    subprime mortgage crisis; financial crisis; real estate market; crisis of confidence; banking system; United States;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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