Subprime and the developing countries.

• Main Authors: Liu, Xinhao., Goh, Kelvin Huan Bok., Leng, Roger Kok Wai.
• Other Authors: Cao Yong
• Format: Final Year Project
• Language: English
• Published: 2009
• Subjects: DRNTU::Business::Finance::Mortgages
• Online Access: http://hdl.handle.net/10356/15136
• Institution: Nanyang Technological University

Subprime Crisis has been likened to the great depression of the 1920s by many people. The root of the subprime crisis can be traced back to the 1977 when the subprime market was born. Subsequently, government’s push home ownership coupled with profit driven industry practices, the property market gr...