Logo

0
Your cart is empty empty bag

Free Worldwide Delivery on orders over $50

Х

US Subprime Market: Evolution, Growth and Crisis

 
Amit Singh Sisodiya (Editor) N. Janardhan Rao (Editor)
Synopsis The word 'Subprime' was voted the word of the year in 2007 by the American Dialect Society. And fittingly so. Subprime crisis remained the most talked about and debated issue among policymakers, central bankers, media and the public, not just in the US but in other continents like Europe and far-off countries such as China and India. The fears of a contagion effect became evident after the British lender, Northern Rock, disclosed in September, 2007, that it sought emergency funding from the British central bank, Bank of England. But it was BNP Paribas, France's top bank, which set the alarm bells ringing across Europe as it froze 1.6bn euros ($2.2bn) in August, 2007, citing the problems in the subprime market which prompted the European Central Bank (ECB) to add emergency liquidity. The crisis has impacted the who's who of financial institutions-from Citigroup to Merrill Lynch in the US to UBS, BNP Paribas, Swiss Re in Europe, from Mitsui Financial Group and Sumitomo Mitsui in Japan to Industrial and Commercial Bank of China to Bank of China. Even some of the Indian banks have been hit by the crisis although the extent of losses is small as compared to the US and other international banks hit by the crisis. The effect of subprime crisis is felt across a wide spectrum of industries. Hence for now, the challenge before the central banks across the globe is to prevent any further damage to the financial services sector and hence the global economy. The book offers insights into the world of subprime, tracking its development since its evolution to the recent crisis and its after-effects, and the remedial measures needed to prevent such crisis in future.
Read more
47.70 42.93 $ 53.00 $
Free delivery Wolrdwidе in 10-18 days Ships in 2-4 days from New Delhi Membership for 1 Year $35.00
Get it now and save 10%
Members SAVE 10% every day
BECOME A MEMBER
About the authors

Amit Singh Sisodiya

Amit Singh Sisodiya is Deputy Editor with the ICFAI University Press. He holds PG Diploma in Equity Research & Analysis from the ICFAI University. He has over ten years of work experience in industries like FMCG, equity research, financial services, and academics. His articles have been published in various magazines published by the ICFAI University Press. He is also the consulting editor for The ICFAI Journal of Mergers & Acquisitions. His areas of interest include corporate strategy, financial markets, and mergers & acquisitions. He has edited a few books published by the ICFAI University Press.

N. Janardhan Rao

N Janardhan Rao holds an MA (Economics) from Osmania University and PGDBA. He is presently working as Deputy Editor at the Icfai University Press. He is a member of Board of Editors of Icfai and also Consulting Editor of Icfai Journal of Knowledge Management, and MBA Review. He regularly contributes articles to the Chartered Financial Analyst magazine and other Icfai Publications, such as Icfai Reader and Global CEO. His articles have also been extensively published in The Financial Times column, a publication of the Times of India Group. He has also edited more than two dozen books published by Icfai Books. His areas of interest include business environment, international finance, financial markets, corporate strategy and general management.

Write a review
Reviews 0in total
 

Bibliographic information

Title US Subprime Market: Evolution, Growth and Crisis
Format Softcover
Date published: 01.01.2008
Edition 1st ed.
Language: English
isbn 9788131414682
length xx+209p., Tables; Figures; References; Index; 23cm.