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The 2008 global financial crisis was triggered by the collapse of the United States subprime mortgage market.
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SUPPORTED
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7 sources for · 0 against
Is it true that the 2008 global financial crisis was triggered by the collapse of the United States subprime mortgage market?
Yes. Multiple reference and peer-reviewed sources state that the 2008 global financial crisis was triggered by or originated in the collapse of the United States subprime mortgage market, though some describe it as one of several contributing factors.
Verdict: SUPPORTED · 7 sources for, 0 against · Last checked
Evidence for · 7
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Subprime mortgage crisis - Wikipedia. (n.d.). en.wikipedia.org. https://en.wikipedia.org/wiki/Subprime_mortgage_crisis
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More for · 6
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Dinwoodie, J. T. (2011). Ignorance is Not Bliss: Financial Illiteracy, the Mortgage Market Collapse, and the Global Economic Crisis. doi.org. https://doi.org/10.2139/ssrn.1734531
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Finance & Development, June 2009 - The Perfect Storm. (n.d.). imf.org. https://www.imf.org/external/pubs/ft/fandd/2009/06/blanchard.htm
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The Impact of the US Subprime Mortgage Crisis on the World and East Asia: Through Analyses of Cross-border Capital Movements. (n.d.). cir.nii.ac.jp. https://cir.nii.ac.jp/crid/1872555066420634880
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Avoiding a global carbon crisis: Learning from the financial crisis. (2013). hal.science. https://doi.org/10.1002/tie.21581
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Trade Finance during the Great Trade Collapse. (2011). openknowledge.worldbank.org. https://doi.org/10.1596/978-0-8213-8748-1
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Maniatis, P. (2023). A Comparative Analysis of the 2008 Economic Crisis between the United States and Europe: Causes, Consequences, and Policy Responses. zenodo.org. https://doi.org/10.5281/zenodo.7943984
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