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International financial credit crises; Lessons from Canada

Journal of Economics Bibliography

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Title International financial credit crises; Lessons from Canada
 
Creator RASHID, Muhammad Mustafa; University of Detroit Mercy, Unviersity of California Davis
 
Subject Banking system; Canada; Financial credit crises; MNC’s; Regulations.
F23; N12; N22; N32; N42; O51.
 
Description Abstract. The credit crises experienced in the US in year 2008 is labeled as perhaps the most significant crises since the great depression. The roots of the crises were found in the default of the sub-prime mortgages and the failure occurred in both the US and the UK. Due to the integrated nature of international financial systems the spillover impacted many countries as the economies in Asia and Europe were purchasers of the sub-prime mortgages that originated in both UK and US. The impact of the credit crises in Canada is of unique importance due to the close proximity to US, and both the US and Canada being of great strategic importance to each other as well as one of the largest trading partners.Even though the international financial credit crises adversely impacted many countries, the evidence that has come across recent years point towards the conclusion that Canada was able to weather the crises much better than many other countries.Keywords. Banking system, Canada, Financial credit crises, MNC’s, Regulations.JEL. F23, N12, N22, N32, N42, O51.
 
Publisher Journal of Economics Bibliography
 
Contributor —
 
Date 2020-07-12
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEB/article/view/2070
10.1453/jeb.v7i2.2070
 
Source Journal of Economics Bibliography; Vol 7, No 2 (2020): June; 100-110
2149-2387
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEB/article/view/2070/2090
 
Rights Copyright (c) 2020 Journal of Economics Bibliography
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