Real Economy Consequences of the Financial and Real Estate Crisis

Marcus Scheiblecker ()

WIFO Monatsberichte (monthly reports), 2008, vol. 81, issue 8, pages 577-591

Abstract: The US real estate bubble caused by loose monetary policy and the influx of significant amounts of investment capital from abroad burst in 2006. Since then, US real estate values have declined by 20 percent, reducing the basis for collateralisation of mortgage loans and mortgage-backed securities – the latter being held also by banks abroad.

Keywords: Finanzkrise; Bankenkrise; Immobilienkrise; Aktienmärkte; makroökonomische; Effekte; Gesamtwirtschaft; Konjunktur (search for similar items in EconPapers)
Date: 2008

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