A crise do Subprime e seus impactos socioeconômicos no Brasil

Abstract

It is undeniable that the global financial crisis, triggered by the bursting of the housing bubble by subprime mortgages in the United States in 2008, affected world economies to a certain degree. That said, the aim of this work is to understand how the crisis arrived in Brazil based on the analysis of some economic indicators, a review of the main bibliographies that deal with the topic and also, taking into account the impressions of citizens who experienced this time. from data collected via structured interviews. Firstly, a chronological review of the crisis was carried out, to understand its roots and how it spread throughout the real estate, financial and banking system in the United States. In order to understand the details of the North American mortgage system, this work also discusses the main transmission mechanisms of the crisis within the North American economy. Subsequently, an analysis of some Brazilian economic indicators was carried out, taking into account the historical period of the crisis, namely: trade balance, exchange rate, GDP and inflation indices. Thus, together with the support of analyzes carried out by economists and ministers on the impacts of the crisis in Brazilian territory, it was possible to see that the crisis arrived in Brazil in a milder way than in other countries, however, it still left its mark on our economy. These impacts were felt mainly through the reduction in external demand for Brazilian products, the interruption of external credit lines, the stagnation of the interbank market, and the crisis of confidence that resulted in the search for liquidity by banks (MESQUITA; TORÓS, 2010). Furthermore, in order to understand the subjectivities and nuances of the crisis that are not quantifiable, field research was carried out through interviews with Brazilian and North American citizens who experienced the crisis period, being able to understand how it affected their lives and routines, and also bring a comparison between the perceptions of the citizens of these two countries.