Sania Mirza ( p SLide)
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Sania Mirza ( p SLide) Presentation Transcript

  • 1. What Causes SubprimeMortgage and Its Effect Toward Caribbean? GROUP NAME : SANIA MIRZA 1
  • 2. What is Subprime Mortgage? According to Dell’Ariccia, Igan and Laeven, (2009) Subprime mortgages are unsafe to the creditors and borrowers due to the combination of high interest rates, bad credit history, and not clear about personal financial situations often related with subprime applicants 2
  • 3. Subprime Mortgage in United States 2007 New Model of Mortgage LendingSource: BBC News 3
  • 4. Causes Of Subprime Mortgage Crisis Increase of housing bubble The Waning of the Housing Market The reckless and excessive lending Subprime lending The Central Banks Policy 4
  • 5. Effect Of Subprime Toward Caribbean Trade Tourism Remittances Finance and Foreign Direct Investment (FDI) 5
  • 6. Recommendations Analysis other industry for their highest trades Maximize their comparative advantage when it comes to their geographical place Create a sustainable employment opportunities The diversification of foreign reserves 6
  • 7. Conclusion The subprime mortgage has been caused by several reasons and effected the Caribbean economy and businesses operating. The regulatory bodies and central banks also should plan a guiding structure and a list of rules for precautions. 7
  • 8. The EndThank You 8