Vývoj hypotečního trhu v USA před finanční krizí a v současnosti

Abstract

Purpose of this work is to analyze the data regarding the financial crisis during 2007 – 2009 which originated on the mortgage market in the USA and find out whether the current situation is not repeating itself and another financial crisis is approaching. We have used business cycle and financial crisis theories of the Austrian school of economics and an economist Frederic Mishkin for the analysis of the data. By their combination it was concluded that the actions taken to solve the problem of the financial crisis have in fact strengthen the aspects which are marked as cause of the crisis by the chosen theories. This work combines theories about financial crisis and the alternative explanation of its cause thus pointing out the instability in the current system. However, it is impossible to conclude that the next possible crisis is going to originate on the mortgage market again.