PL EN


2009 | 2(42) | 50-64
Article title

THE CRISIS OF MORTGAGE CREDITS IN THE USA - CAUSES AND EFFECTS (Kryzys mieszkaniowych kredytów hipotechnych w USA - przyczyny i skutki)

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Languages of publication
PL
Abstracts
EN
The article presents the analysis of the causes and effects of mortgage credits in the USA. The present credit crisis in the USA and some UE countries is caused by a mechanism of expansion of mortgage banking generating mistaken factors in risk management, mainly as a result of the overvaluation of securities. The crisis in the American subprime market brought about negative effects regarding the liquidity of not only American financial market but the other countries' markets as well. The financial crisis was mainly the result of the excessive expansion of mortgage credits and incorrect assessment of credit risk by rating institutions. Moreover, the American market collapse was caused by the lack of some regulations in the housing market, standards of consumer protection as well as clarity and control of non-banking financial institutions..
Year
Issue
Pages
50-64
Physical description
Document type
ARTICLE
Contributors
  • Munir Al-Kaber, Wyzsza Szkola Ekonomiczna w Bialymstoku, ul. Horoszczanska 31, 15-703 Bialystok, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
09PLAAAA07023
YADDA identifier
bwmeta1.element.104bbea2-8598-34e9-aebf-c19a3e46a4f1
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