Assignment: U.S. Subprime Mortgage Crisis A and B
Read the cases U.S. Subrpime Mortgage Crisis: Policy Reactions (A) and (B).
Detailed answers per questions, double space, no less than 8 pages
o What are the causes behind the U.S. subprime mortgage crisis?
o Is one cause more responsible than the other?
o Why or why not?
o How is the US current account deficit related to the subprime meltdown?
o Why is the US current account running such a big deficit and is it sustainable?
o What, if anything, should the US do to solve the subprime crisis?
o Will the current plans work?
o Is global adjustment to the crisis and current imbalances likely to occur, and if so, how?
o What could be done to encourage a smooth adjustment to prevent another global financial crisis?
Format your assignment according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.