Housing and the financial crisis

by Glaeser, Edward L., (Edward Ludwig) Sinai, Todd M., (Todd Michael)

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Title Statements

Full title :Housing and the financial crisis / edited by Edward L. Glaeser and Todd Sinai.

Summary

"Conventional wisdom held that housing prices couldn't fall. But the spectacular boom and bust of the housing market during the first decade of the twenty-first century and millions of foreclosed homeowners have made it clear that housing is no different from any other asset in its ability to climb and crash. Housing and the Financial Crisis looks at what happened to prices and construction both during and after the housing boom in different parts of the American housing market, accounting for why certain areas experienced less volatility than others. It then examines the causes of the boom and bust, including the availability of credit, the perceived risk reduction due to the securitization of mortgages, and the increase in lending from foreign sources. Finally, it examines a range of policies that might address some of the sources of recent instability."--Provided by publisher.

Edition Statements

Publication Date:2013.

Publication Statements

Publisher(s):University of Chicago Press
Place of Publication:Chicago
Language:eng
Publication Date:2013.

The Physical Object

Description:1 online resource (ix, 431 pages) : : illustrations

Edition Identifiers

ISBN:9780226030616, 022603061X, 9781299784536, 1299784534
oclc:ocn857059487
LC Classification:HD7293.Z9
Dewey Decimal:332.10973

Subjects

Business & Economics -- Finance Conference papers and proceedings Crise financière mondiale, 2008-2009 --… Electronic books Financial crises Financial crises -- Congresses. -- Hist… Global Financial Crisis, 2008-2009 -- C… History Housing -- Congresses. -- Finance -- Un… Housing -- Finance Logement -- Congrès. -- Finances -- Éta… United States