Mortgage krizinin ABD borsa fiyatlarına etkisi"S&P 500 hisse senedi fiyatları geçmişine ait verileri kullanarak yapılan deneysel bir çalışma"

The last financial Crisis is considered the worst economic trouble in the U.S after the great depression in the 1930s. The Housing bubble forced many banks to go bankrupt as most borrowers were unable to pay back the money. Others appealed for help from the Fed to get loans and cover the maximum of their loss. At the same time, the stock exchange market had seen a big decline in its value, especially the U.S stock market. It faced on its own a loss of more than $7 trillion within a year, which was considered the highest stock market loss at that time. This thesis attempts to: (i) explain the major reasons that led to the financial crisis, (ii) describe the relationship between financial sectors and (iii) apply an empirical study on one of the largest stock indexes in the U.S stock market (Standards and Poor's 500) using a time series analysis.