Asset Backed Securities. Their Role within the Financial Crisis
Author | : Franz Bauer |
Publisher | : GRIN Verlag |
Total Pages | : 13 |
Release | : 2020-09-15 |
ISBN-10 | : 9783346245939 |
ISBN-13 | : 3346245934 |
Rating | : 4/5 (934 Downloads) |
Download or read book Asset Backed Securities. Their Role within the Financial Crisis written by Franz Bauer and published by GRIN Verlag. This book was released on 2020-09-15 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2020 in the subject Business economics - Investment and Finance, grade: 1,7, University of applied sciences, Munich, language: English, abstract: The subprime crisis in 2007 proved to be a decisive factor in the financial world and triggered a global financial crisis of unimagined proportions. This essay examines the role of asset-backed securities in the 2007/2008 financial crisis, focusing on the triggers and the process that eventually led to the bursting of the US real estate bubble. The paper also provides an overview of how the downturn in the US housing market was triggered and how the United States and the global economy slid into recession.