Crisis inmobiliaria, recesión y endeudamiento masivo, 2002-2011
The global financial crisis of the first decade of the 21st century had its origin in the creation and diversification of financial instruments backed by mortgages that eventually returned on high risk derivatives. As part of the shocks of the crisis a temporary restriction of credit was one of the...
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ftrepec:oai:RePEc:cjz:ca41cj:21 2024-04-14T08:13:41+00:00 Crisis inmobiliaria, recesión y endeudamiento masivo, 2002-2011 Miguel Ángel Rivera Ríos http://open-apps.uacj.mx/RePEc/cjz/ca41cj/Cuadernos%20UACJ%2021.pdf unknown http://open-apps.uacj.mx/RePEc/cjz/ca41cj/Cuadernos%20UACJ%2021.pdf preprint ftrepec 2024-03-19T10:24:48Z The global financial crisis of the first decade of the 21st century had its origin in the creation and diversification of financial instruments backed by mortgages that eventually returned on high risk derivatives. As part of the shocks of the crisis a temporary restriction of credit was one of the main causes of global recession in 2009. However, an over-indebtedness process was extended throughout the developed world, affecting the most vulnerable economies of the European Union with particular virulence. Iceland, Ireland, Portugal. Greece and Spain, are countries where the crisis followed a similar pattern: collapse of the real estate sector, bank failures, its rescue with public funds, over-indebtedness, reduction of the fiscal deficit, unemployment, increased taxes and devaluation of sovereign bonds. Global crisis, financial markets, capitalism Report Iceland RePEc (Research Papers in Economics) |
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RePEc (Research Papers in Economics) |
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The global financial crisis of the first decade of the 21st century had its origin in the creation and diversification of financial instruments backed by mortgages that eventually returned on high risk derivatives. As part of the shocks of the crisis a temporary restriction of credit was one of the main causes of global recession in 2009. However, an over-indebtedness process was extended throughout the developed world, affecting the most vulnerable economies of the European Union with particular virulence. Iceland, Ireland, Portugal. Greece and Spain, are countries where the crisis followed a similar pattern: collapse of the real estate sector, bank failures, its rescue with public funds, over-indebtedness, reduction of the fiscal deficit, unemployment, increased taxes and devaluation of sovereign bonds. Global crisis, financial markets, capitalism |
format |
Report |
author |
Miguel Ángel Rivera Ríos |
spellingShingle |
Miguel Ángel Rivera Ríos Crisis inmobiliaria, recesión y endeudamiento masivo, 2002-2011 |
author_facet |
Miguel Ángel Rivera Ríos |
author_sort |
Miguel Ángel Rivera Ríos |
title |
Crisis inmobiliaria, recesión y endeudamiento masivo, 2002-2011 |
title_short |
Crisis inmobiliaria, recesión y endeudamiento masivo, 2002-2011 |
title_full |
Crisis inmobiliaria, recesión y endeudamiento masivo, 2002-2011 |
title_fullStr |
Crisis inmobiliaria, recesión y endeudamiento masivo, 2002-2011 |
title_full_unstemmed |
Crisis inmobiliaria, recesión y endeudamiento masivo, 2002-2011 |
title_sort |
crisis inmobiliaria, recesión y endeudamiento masivo, 2002-2011 |
url |
http://open-apps.uacj.mx/RePEc/cjz/ca41cj/Cuadernos%20UACJ%2021.pdf |
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Iceland |
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Iceland |
op_relation |
http://open-apps.uacj.mx/RePEc/cjz/ca41cj/Cuadernos%20UACJ%2021.pdf |
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1796311707619950592 |