أزمة الرهن العقاري وانعكاساتها في اقتصاديات الدول العربية وطرق علاجها
DOI:
https://doi.org/10.21928/juhd.v3n4y2017.pp204-226Abstract
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.
