Sub-prime crisis in Australia? A deeper insight

Seminar paper from the year 2007 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,3, Macquarie University (GRADUATE ACCOUNTING AND COMMERCE CENTRE), course: Capital Markets, language: English, abstract: This essay discusses the effects of the US subprime meldown on the Australian economy. Why do we have any transnational effects? To which extand exted to we have them in Australia? Can Australia counteract the subprime wave?These and more topics have been discussed in the following paper from an Australian point of view.I.Table of contentsII.Relevance of sub-prime mortgage marketa.Recent problems in the US-marketb.Reaction of the stock markets in AustraliaIII.Structure of the mortgage marketsa.Loan policy of Australian banks and real estate financial institutions in the last few yearsb.Risks and effects of this policyc.The way to minimize this risksd.Problems of investment fundsIV.Market reaction of the risky practice of loans grantingV.Actual problemsVI.ConclusionVII.References