أزمة الرهن العقاري وانعكاساتها في اقتصاديات الدول العربية وطرق علاجها

Abstract

The foundations of financial engineering emanating from the capitalist economic thought free a significant impact in a financial crisis, the impact of this geometry appeared as a bubble shows here and there but in the end, rolling like a snowball larger than stretching long distances and become impact bigger and more and agreed that the financial crisis global in 2008 began in the mortgage sector in the United States of America real estate values ​​dropped, which led to weak bank's ability to repay its obligations to other financial institutions and the weakness of the ability of individuals to repay debts to the banks. But the truth is greater than this and are described in two sections deals with the first part, the causes of the mortgage bubble bursting in 2008 and defined the root causes and how to shift the mortgage crisis into a liquidity crisis and a crisis of inability to repay debt and benefits.

‫‪The‬‬ ‫‪second‬‬ ‫‪topic‬‬ ‫‪dealt‬‬ ‫‪with‬‬ ‫‪the‬‬ ‫‪impact‬‬ ‫‪of‬‬ ‫‪this‬‬ ‫‪crisis‬‬ ‫‪in‬‬ ‫‪the‬‬ ‫‪economies‬‬ ‫‪of‬‬ ‫‪some‬‬ ‫‪Arab‬‬ ‫‪countries,‬‬
‫‪including‬‬ ‫‪oil‬‬ ‫‪and‬‬ ‫‪non-oil‬‬ ‫‪and‬‬ ‫‪their‬‬ ‫‪impact‬‬ ‫‪on‬‬ ‫‪certain‬‬ ‫‪economic‬‬ ‫‪variables‬‬ ‫‪and‬‬ ‫‪financial‬‬ ‫‪markets‬‬ ‫‪of‬‬
‫‪these‬‬ ‫‪countries,‬‬ ‫‪and‬‬ ‫‪through‬‬ ‫‪the‬‬ ‫‪whole‬‬ ‫‪what‬‬ ‫‪has‬‬ ‫‪been‬‬ ‫‪presented‬‬ ‫‪research‬‬ ‫‪was‬‬ ‫‪to‬‬ ‫‪reach‬‬ ‫‪a‬‬ ‫‪set‬‬ ‫‪of‬‬
‫‪conclusions‬‬ ‫‪and‬‬ ‫‪proposals‬‬ ‫‪notably‬‬ ‫‪that‬‬ ‫‪the‬‬ ‫‪main‬‬ ‫‪reason‬‬ ‫‪for‬‬ ‫‪the‬‬ ‫‪explosion‬‬ ‫‪of‬‬ ‫‪the‬‬ ‫‪financial‬‬ ‫‪bubble‬‬ ‫‪is‬‬
‫‪the‬‬ ‫‪wrong‬‬ ‫‪use‬‬ ‫‪financial‬‬ ‫‪derivatives,‬‬ ‫‪expansion‬‬ ‫‪and‬‬ ‫‪over-the‬‬ ‫‪granting‬‬ ‫‪of‬‬ ‫‪mortgage‬‬ ‫‪loans‬‬ ‫‪to‬‬
‫‪individuals‬‬ ‫‪and‬‬ ‫‪companies‬‬ ‫‪to‬‬ ‫‪meet‬‬ ‫‪with‬‬ ‫‪banking‬‬ ‫‪facilities‬‬ ‫‪and‬‬ ‫‪failure‬‬ ‫‪to‬‬ ‫‪diversify‬‬ ‫‪in‬‬ ‫‪guarantees‬‬ ‫‪and‬‬
‫‪a‬‬ ‫‪focus‬‬ ‫‪on‬‬ ‫‪real‬‬ ‫‪estate‬‬ ‫‪collateral‬‬ ‫‪by‬‬ ‫‪US‬‬ ‫‪banks,‬‬ ‫‪and‬‬ ‫‪is‬‬ ‫‪reflected‬‬ ‫‪in‬‬ ‫‪the‬‬ ‫‪research‬‬ ‫‪to‬‬ ‫‪reach‬‬ ‫‪a‬‬
‫‪recommendation‬‬ ‫‪that‬‬ ‫‪the‬‬ ‫‪adoption‬‬ ‫‪of‬‬ ‫‪the‬‬ ‫‪early‬‬ ‫‪warning‬‬ ‫‪indicators‬‬ ‫‪to‬‬ ‫‪monitor‬‬ ‫‪the‬‬ ‫‪internal‬‬ ‫‪and‬‬
‫‪external‬‬ ‫‪environment‬‬ ‫‪to‬‬ ‫‪be‬‬ ‫‪able‬‬ ‫‪to‬‬ ‫‪detect‬‬ ‫‪the‬‬ ‫‪crisis‬‬ ‫‪in‬‬ ‫‪the‬‬ ‫‪beginning‬‬ ‫‪of‬‬ ‫‪the‬‬ ‫‪composition.‬‬