An In-Depth Analysis of the 2008 Financial Crisis
DOI:
https://doi.org/10.54097/hbem.v15i.9333Keywords:
Subprime mortgage; mispricing; deregulation; responses.Abstract
The financial crisis of 2008, which is a huge crisis that originated in the United States. This crisis is the most serious crisis since the Great Depression in the 1930s. It has a huge impact on the whole world. People generally call it the financial tsunami. The global economy's healthy growth has been negatively impacted by the worsening financial crisis. The governments of all nations are dealing with a serious economic crisis, which affects everyone from Wall Street to the rest of the world, the financial sector to the real economy. Then how did the financial crisis break out? What was monetary policy like then? Whether you are a finance major or not, the word subprime is stressful. So, what is subprime? What mechanism caused the financial crisis? How has the financial crisis affected the United States and the world? Why has this financial crisis had such a big impact? And how did the financial crisis end? What can people learn from this?
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