The Global Financial Tidal Wave and its Influence on the East Asian Economy

• Main Authors: Takamasu Akira, 高増 明
• Format: Report
• Language: English
• Published: 関西大学社会学部 2016
• Subjects: Lehman shock; subprime loan; shadow banking system; East Asian economy; 関西大学; Kansai University; Downfall; The Downfall; Iceland
• Online Access: http://hdl.handle.net/10112/10580; https://kansai-u.repo.nii.ac.jp/?action=repository_uri&item_id=9566; https://kansai-u.repo.nii.ac.jp/?action=repository_action_common_download&item_id=9566&item_no=1&attribute_id=19&file_no=1

In this article, I first clarify the basis of the development of the crisis in the structure of the US housing loan market. Next, I discuss the sequence of the events marking the progress of the crisis, including the collapse of the subprime loan market, the bankruptcy of mortgage banks, the bail-ou...