The Subprime Crisis:Lessons for Business Students

Jaime Luque
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Jaime Luque: University of Wisconsin-Madison, USA

in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.

Abstract: The first major global economic contraction of the 21st century, or the "Great Recession", as it is more commonly known, began in December of 2007, and would prove to be one of the most catastrophic economic events in postmodern history. The bursting of the American housing bubble and the subprime mortgage crisis that followed are widely attributed as being the primary causes for this economic downturn.

Keywords: Subprime Crisis; Great Recession; 2009 Recession; Mortgage; Financial Market; Preventing Recession; 2009 Crisis; Interest Rates (search for similar items in EconPapers)
JEL-codes: G01 G1 (search for similar items in EconPapers)
Date: 2017
ISBN: 9789813200036
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