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Subprime Mortgage Market- Hidden Causes of Crisis

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  • Zarevac, Milica
  • Lakicevic, Marija

Abstract

Since the crisis is not solved by removing consequences for its causes, the background paper is in the discovery and analysis of direct and indirect causes of the current crisis to deepen understanding, thereby reducing the likelihood of the outbreak of new crises in the future. Forms and reasons for the crisis have been different each time, but what is essentially remained the same is limitless greed and the desire of financial institutions to earn multi-million commission by taking risky and more profitable investments, the use of new and untried financial structures, through greed and quick response. Man has never been so busy and accelerated but at the same time uncertain and worried about their livelihoods due to the global financial crisis, which quickly turned into an economic crisis, with the first signs of social crisis.

Suggested Citation

  • Zarevac, Milica & Lakicevic, Marija, 2013. "Subprime Mortgage Market- Hidden Causes of Crisis," Ekonomika, Journal for Economic Theory and Practice and Social Issues, Society of Economists Ekonomika, Nis, Serbia, vol. 59(4), December.
    • Handle: RePEc:ags:sereko:290093
    DOI: 10.22004/ag.econ.290093
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