TITLE

ABOUT THE SUBPRIME MORTGAGE CRISIS IN THE UNITED STATES OF AMERICA - ORIGINS AND (POSSIBLE) EFFECTS

AUTHOR(S)
Rizescu, Sabin; Popescu, Jenica
PUB. DATE
December 2008
SOURCE
Annals of the University of Craiova, Economic Sciences Series;2008, Vol. 7 Issue 36, p3335
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This work presents the premises of U.S. real estate crisis starting, which is transforms in a credit crisis with global consequences, and finds its effects, suggesting possible solutions for near future. American banks (ex-Bear Stearns, Citigroup) as well as independent mortgage agencies had and still have heavily to suffer. Taking into account determining role of U.S. in the world economy, we consider that negative effects caused by liquidities crisis will continue to propagate at global level.
ACCESSION #
79565683

 

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