Title: Credit markets and financial crisis in the USA

Authors: Hassen Chtourou

Addresses: Faculty of Economics and Management of Sfax (FSEGS), University of Sfax, Airport Road Km 4, Sfax 3018, Tunisia

Abstract: The financial crisis of 2008 came to the public's attention with the decline of house price in the USA. Many experts and economists believe it came through a combination of a number of factors in both housing and credit markets. This crisis has slowed growth in a number of economies, suggesting that disruptions in financial markets can have important macroeconomic consequences. In this paper, we present the US credit markets and explain the origins and effects of the 2008 financial crisis. We also examine the evolution of the liability of credit markets in the USA and its responses to the financial crisis of 2008.

Keywords: credit markets; 2008 financial crisis; USA; United States; liability.

DOI: 10.1504/IJCEE.2016.075626

International Journal of Computational Economics and Econometrics, 2016 Vol.6 No.2, pp.192 - 209

Received: 26 Dec 2014
Accepted: 24 Aug 2015
Published online: 30 Mar 2016 *

Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article