Author : Jaime Perez Luque
Publisher : World Scientific
ISBN 13 : 9813200057
Total Pages : 236 pages
Book Rating : 4.8/5 (132 download)
Book Synopsis Subprime Crisis, The: Lessons For Business Students by : Jaime Perez Luque
Download or read book Subprime Crisis, The: Lessons For Business Students written by Jaime Perez Luque and published by World Scientific. This book was released on 2017-02-16 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first major global economic contraction of the 21st century, or the 'Great Recession', as it is more commonly known, began in December of 2007, and would prove to be one of the most catastrophic economic events in postmodern history. The bursting of the American housing bubble and the subprime mortgage crisis that followed are widely attributed as being the primary causes for this economic downturn.The content of this book presents an in-depth analysis of several of the leading causes of the subprime crisis, as well as the subsequent measures that were used to contain a widespread economic recession. It is the aim of this book to provide adequate information and tools for readers to gain insight on how we can prevent the same mistakes from happening again. This analysis also explores an interesting question when considering public policy; was the economic disaster, that ensued, caused by overzealous consumers who borrowed more than they could afford, or was it caused by institutional entities that gambled away the American economy?