Inflação e deflação de ativos a partir do mercado imobiliário americano

Revista de Economia Política

Maria Cristina Penido De Freitas²  Marcos Antonio Macedo Cintra¹ 

[1] ,PUC-SP Departamento de Economia

关键词: subprime mortgages;    financial innovations;    financial crisis;    asset inflation and deflation;    role of central banks;   

DOI  :  10.1590/S0101-31572008000300003

来源: SciELO

【 摘 要 】

This paper deals with the financial crisis triggered after the default of subprime mortgages in the United States which expanded to a global systemic crisis. It is divided into a brief introduction and three sections. The first section sums up the dynamics of inflation and deflation of real estate and financial assets which characterizes finance-led cycles. The second section covers major effect of financial assets deflation on the American and European banks. The third section focuses on measures implemented by central banks in order to manage this financial crisis.

【 授权许可】

CC BY   
 All the contents of this journal, except where otherwise noted, is licensed under a Creative Commons Attribution License