Financial crisis 2007-2009. How real estate bubble and transparency and accountability issues generated and worsen the crisis

This paper seeks to explain some main factors behind the Financial Crisis 2007–2009 with a special focus on the Real Estate Bubble and Transparency and Accountability Issues in US Financial System and how these two factors generated and worsen the crisis. Financial Crisis 2007–2009, which starts fro...

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Main Author: Aziz, Bilal
Format: Online
Language:eng
Published: Universidad Autónoma de Baja California 2012
Online Access:https://ref.uabc.mx/ojs/index.php/ref/article/view/92
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spelling oai:ojs.localhost:article-922023-01-04T01:11:50Z Financial crisis 2007-2009. How real estate bubble and transparency and accountability issues generated and worsen the crisis Crisis financiera 2007-2009. Cómo la burbuja inmobiliaria, las cuestiones de transparencia y rendición de cuentas generaron y agravaron la crisis Aziz, Bilal sub–prime mortgages housing bubble mortgage back securities conduits wealth and income inequalities Economics Value Price capitalism Risk and uncertainty Property Consumption and demand Demography Economic cycles Finance money Income and expenses Banking Banks and State credit debt loans bankruptcy sub–prime burbuja inmobiliaria títulos respaldados por hipotecas conductos riqueza y desigualdad de ingresos. Economía Valor Precio Capitalismo Riesgo e incertidumbre Propiedad Consumo y demanda Demografía Ciclos económicos Finanzas Dinero Ingresos y gastos Banca Los bancos y el Estado Crédito Deuda Préstamos Quiebra This paper seeks to explain some main factors behind the Financial Crisis 2007–2009 with a special focus on the Real Estate Bubble and Transparency and Accountability Issues in US Financial System and how these two factors generated and worsen the crisis. Financial Crisis 2007–2009, which starts from the United States sub–prime mortgage market and spread to US financial sector and later on spread to the rest of world, is said to be an even bigger crisis than the Great Depression of 1929. This crisis is unique in this way and we haven’t seen such a bigger impact world wide from any other crisis. This paper would empirically prove the main causes which are right in the heart of the crisis and least discussed Este trabajo busca explicar algunos de los factores principales detrás de la crisis financiera de 2007–2009, con especial énfasis en la burbuja inmobiliaria, en la rendición de cuentas en el sistema financiero de Estados Unidos y en cómo estos dos factores generaron y empeoraron la crisis. La crisis financiera 2007–2009 inició con las hipotecas de alto riesgo del mercado inmobiliario, se extendió al sector financiero y, finalmente, al resto del mundo. Se dice que fue una crisis aun más grande que la Gran Depresión de 1929 y se le califica como única toda vez que no se conoce otra que haya impactado al mundo de esta manera. Este trabajo empírico pretende demostrar las causas que están en el corazón de la crisis y no han sido lo suficientemente discutidas. Universidad Autónoma de Baja California 2012-07-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Empirical work AIMS to Demonstrate the causes of the financial crisis Trabajo empírico que pretende demostrar las causas de la crisis financiera application/pdf text/html https://ref.uabc.mx/ojs/index.php/ref/article/view/92 10.21670/ref.2012.26.a08 Estudios Fronterizos Revista; Vol. 13 No. 26 (2012); 201-221 Estudios Fronterizos; Vol. 13 Núm. 26 (2012); 201-221 2395-9134 0187-6961 eng https://ref.uabc.mx/ojs/index.php/ref/article/view/92/144 https://ref.uabc.mx/ojs/index.php/ref/article/view/92/156 Derechos de autor 2014 Estudios Fronterizos, Revista de Ciencias Sociales y Humanidades https://creativecommons.org/licenses/by-nc/4.0/
institution Estudios Fronterizos
collection OJS
language eng
format Online
author Aziz, Bilal
spellingShingle Aziz, Bilal
Financial crisis 2007-2009. How real estate bubble and transparency and accountability issues generated and worsen the crisis
author_facet Aziz, Bilal
author_sort Aziz, Bilal
title Financial crisis 2007-2009. How real estate bubble and transparency and accountability issues generated and worsen the crisis
title_short Financial crisis 2007-2009. How real estate bubble and transparency and accountability issues generated and worsen the crisis
title_full Financial crisis 2007-2009. How real estate bubble and transparency and accountability issues generated and worsen the crisis
title_fullStr Financial crisis 2007-2009. How real estate bubble and transparency and accountability issues generated and worsen the crisis
title_full_unstemmed Financial crisis 2007-2009. How real estate bubble and transparency and accountability issues generated and worsen the crisis
title_sort financial crisis 2007-2009. how real estate bubble and transparency and accountability issues generated and worsen the crisis
description This paper seeks to explain some main factors behind the Financial Crisis 2007–2009 with a special focus on the Real Estate Bubble and Transparency and Accountability Issues in US Financial System and how these two factors generated and worsen the crisis. Financial Crisis 2007–2009, which starts from the United States sub–prime mortgage market and spread to US financial sector and later on spread to the rest of world, is said to be an even bigger crisis than the Great Depression of 1929. This crisis is unique in this way and we haven’t seen such a bigger impact world wide from any other crisis. This paper would empirically prove the main causes which are right in the heart of the crisis and least discussed
publisher Universidad Autónoma de Baja California
publishDate 2012
url https://ref.uabc.mx/ojs/index.php/ref/article/view/92
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