Economics, Econometrics and Finance
8 years ago

US Subprime Mortgage Crisis Sparks Global Credit Crunch, Reveals Lessons for China.

Economic Research Guide
Revelation of the US Subprime Mortgage Crisis to China
Li Qi

Paper Summary

The US subprime mortgage crisis started because too many risky loans were given out, causing a big financial mess. This crisis slowed down the US economy and affected the whole world, including China.

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