Subprime and the developing countries.
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...
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project |
| Language: | English |
| Published: |
2009
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/15136 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | 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 grew to unsustainable stage. The burst of the subprime bubble then cause the financial crisis to spill into the U.S financial markets, U.S economy and eventually developing countries of Eastern Europe and Asia. |
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