Code number: KT.09.02
Coordinators: MA. Tran Viet Dung
Implementing institution: University of Economics and Business - Vietnam National University, Hanoi
Duration: 2009 - 2010
Objectives:
Using secondary data and theories to explain and analyze the reasons why the US financial crisis happened. The research results will be used as teaching material for the course of International Finance.
Main contents:
Chapter I: Evolution of the US Financial Crisis
Chapter II: Reasons of the US Financial Crisis
Chapter III: Some conclusions
3. Results obtained:
The US financial crisis in 2007 was directly derived from the subprime mortgage lending and securitization under the loossen regulation. The global imbalances indirectly lead to the crisis but it was the main factor causes the crisis contagion.