The paper is a critical examination of what led to the 2007 subprime mortgage crisis in the United States of America. It is worth noting that the subprime mortgage crisis is a financial as well as real estate crisis that occurred between 2007 and 2010. Subprime refers to the credit...
Financial systems are the very foundation and heart of a free market economy. Therefore, it is not surprising that the financial crisis witnessed in 2007 to 2008 sent panic waves globally as investors and governments realized the possibility of the total collapse of the world’s economic system. With the proliferation...
Introduction Credit crunch refers to an economic condition where the amount of credit available reduces drastically either due to tightened rules by the banks or reduced amount of money available. The crunch may also be caused by Massive external borrowing, merging credit with equity culture, fluctuation in business banking model...
It is possible to state that Europe’s debt crisis has become one of the most burning issues of the continent. The countries of the Eurozone are trying to decide whether they need the common currency. The crisis influences the lives of many people living in those countries. Admittedly, it is...