Sub-prime crisis in Australia? A deeper insight

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 contents
II. Relevance of sub-prime mortgage market
a. Recent problems in the US-market
b. Reaction of the stock markets in Australia
III. Structure of the mortgage markets
a. Loan policy of Australian banks and real estate financial institutions in the last few years
b. Risks and effects of this policy
c. The way to minimize this risks
d. Problems of investment funds
IV. Market reaction of the risky practice of loans granting
V. Actual problems
VI. Conclusion
VII. References