Analysis of Financial crisis 2007-2008 in the US

Thi My Hanh Nguyen

Bachelor's thesis

Abstract:

With many policies are planned, the US has maintained its position as an economy with high competition, high yield and the most influential in the world. US population is only 4.5% of the world population but the Total Domestic Product (GDP) is 1/5 globally. As a country with the largest economy and the highest yield in the world, but the United States faced the Great Depression 2007-2008 makes 2008 was the year of the tragic world economy. The financial crisis broke out in the US and global spread, leading to the collapse of many institutions simultaneously enormous financial, stock market subversive. The worst financial crisis "appear once in hundred years", according to Alan Greenspan, former chairman of the Federal Reserve (Fed), has been known about it since 2006. However, predictions and analysis of many economists were not enough to convince the most powerful of financial institutions in the United States to precaution. So what is the reason for the US - a monument to the world of economy to collapse so quickly and severely affected the world economy so much? Has the world prepared that in the future there will be a similar crisis is dragging on or not? This bachelor thesis was chosen for the aimed of analyzing the US financial crisis 2007-2008. The first objective of this thesis is to find out and show how dependency all the factors of GDP from 2000-2015. To make it influenced, there are key factors such as GDP, GDP growth, Industry sector, Import and Export, interest rate and so on. Base on those factors, it is important to estimate whether it is strong or not. The second objective is to forecast on GDP, GDP per capita, and GDP growth annually from 2016-2020. This objective is designed to predict about the future of US Economics.

Keywords

financial crisis, subprime mortgage, bankrupt, housing market, United State

Language used: English

Date on which the thesis was submitted / produced: 15. 3. 2017

Thesis defence

• Supervisor: Ing. Petr Procházka, MSc Ph.D.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Bachelor programme / field:
Economics Policy and Administration / Business Administration