On the Effects and Revelations on Our Country Caused by the Crisis of American Subprime Mortgage
Deng Wei-hong
Abstract
Deng Wei-hong
Abstract
The Crisis of American Subprime Mortgage brings severe striking to the worldwide financial market.Nowadays it is difficult to predict the damage degree to the world economy.This article deeply analyzes the cause of the crisis of subprime Mortage and its effects to our macro-economy and sums up revelations from the crisis.
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The Crisis of American Subprime Mortgage brings severe striking to the worldwide financial market.Nowadays it is difficult to predict the damage degree to the world economy.This article deeply analyzes the cause of the crisis of subprime Mortage and its effects to our macro-economy and sums up revelations from the crisis.
Key concepts: Subprime mortgage crisis, Subprime crisis, Financial crisis, Financial system, Economics, Business, Keynesian economics