Criza financiară din SUA şi consecinţe ale acesteia în domeniul reglementărilor financiar-contabile internaţionale
The Impact of the Financial Crisis on the Financial Securities Value in USA
Author(s): Codruţa Maria Făt, Mircea GhermanSubject(s): Economy
Published by: Alma Mater & Universitatea »Babes Bolyai« Cluj - Facultatea de St. Economice si Gestiunea Afacerilor
Keywords: credit crisis; mortgages backed securities; collateralized debt obligations (CDO); financial institutions; investments banks
Summary/Abstract: The purpose of this paper is to presents some of the causes, factors and consequences that determined the financial crisis from United States with a big impact all over the world. Starting with simple financial instruments and ending with more complex ones, the financial markets from US were using different kind of financial engineering strategies in order to obtain substantial profits. A mechanism of how the credit derivatives securities worked together with the involvement of the government and financial institution is described. The consequences, followed by directions of prevention future financial crises are proving that “the crisis” had an enormous impact on many economies and on the involved societies
Journal: Revista de Studii şi Cercetări Economice Virgil Madgearu
- Issue Year: 2010
- Issue No: 02
- Page Range: 58-69
- Page Count: 12
- Language: Romanian