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- Title
Inflação e deflação de ativos a partir do mercado imobiliário americano.
- Authors
de Freitas, Maria Cristina Penido; Cintra, Marcos Antonio Macedo
- Abstract
Asset inflation and deflation triggered by the US housing financial system. 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 financeled 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.
- Subjects
UNITED States; EUROPE; PRICE inflation; PRICE deflation; EFFECT of inflation on the banking industry; SUBPRIME mortgages; FINANCIAL crises; BANKING industry
- Publication
Brazilian Journal of Political Economy / Revista de Economia Política, 2008, Vol 28, Issue 3, p414
- ISSN
0101-3157
- Publication type
Article
- DOI
10.1590/S0101-31572008000300003