Subprime and the developing countries.
Goh, Kelvin Huan Bok.
Leng, Roger Kok Wai.
Date of Issue2009
College of Business (Nanyang Business School)
Subprime Crisis has been likened to the great depression of the 1920s by many people. The root of the subprime crisis can be traced back to the 1977 when the subprime market was born. Subsequently, government’s push home ownership coupled with profit driven industry practices, the property market grew to unsustainable stage. The burst of the subprime bubble then cause the financial crisis to spill into the U.S financial markets, U.S economy and eventually developing countries of Eastern Europe and Asia.
Final Year Project (FYP)
Nanyang Technological University