Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
2014 | 14 | nr 1 | 21--27
Tytuł artykułu

The American real estate bubble - Trigger for the biggest financial crisis in the last century

Treść / Zawartość
Warianty tytułu
Języki publikacji
In the last years the world was faced with the worst economic crisis since the 1929-33 period which led to a significant decline in the global economy, tumultuous aftershocks of the financial and the real sector, significant shaking of confidence in financial institutions and the stability of the global financial system. This paper focuses on the crisis that began in the summer 2007 in U.S. when increased delinquency on the secondary market for mortgages created turbulence in the secondary market of securities covered by residential credits. The turbulence was then expanded to other markets securities, money market, financial institutions, with knock-on effects that are transmitted to all market segments, by involving the real sector. Under its global effect, this crisis was characterized as comprehensive, complex and global. This paper intends to detect the origin of this crisis and to analyze the potential government mistakes that led to the current world economic state.(original abstract)
Opis fizyczny
  • University of Ss. Cyril and Methodius in Trnava, Slovakia
  • Goce Delcev University in Stip, Macedonia
  • Goce Delcev University in Stip, Macedonia
  • Bernanke B., 2010. "Monetary policy and the housing bubble", Speech at the AEA meetings. Available at:
  • Blinder A., 2009. "Talking about monetary policy: the virtues (and vice?) of central bank communication," BIS Working Papers 274, Bank for International Settlements
  • Dani R., 2009. "Growth after the crisis," CEPR Discussion Papers 7480, C.E.P.R. Discussion Papers
  • Fiti T., 2009. "Fenomenologija na ekonomskite krizi", Ekonomski fakultet, Skopje
  • Krugman P., 2009. "How did economists get it so wrong?" New York Times, September 6, (Internet Edition)
  • Krugman P., 2009a. "And I was on the grassy knoll, too" (blog post), Available at:
  • Mah Hui Lim, Chin Lim, 2010. Nowhere to hide: The great financial crisis and challenges for Asia, ISEAS Publishing
  • Petkovski M., 2009. "Globalnata finansiska kriza vo 2008 godina-pricini i posledici", Trud publikuvan vo Zbornik na trudovi na MANU, posveten na akademik Ksente Bogoev, MANU
  • Stark J., 2008. Monetary, fiscal and financial stability in Europe. BIS Review 142
  • Stiglitz JE, 2008. "Markets can't rule themselves", Newsweek, December 31
Typ dokumentu
Identyfikator YADDA

Zgłoszenie zostało wysłane

Zgłoszenie zostało wysłane

Musisz być zalogowany aby pisać komentarze.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.