A global look at the reasons behind the recent economiccollapse, and the responses to it The speculative bubble in the housing market began to burst inthe United States in 2007, and has been followed by ruptures invirtually every asset market in almost every country in the world.Each country proposed a range of policy initiatives to deal withits crisis. Policies that focused upon stabilizing the housingmarket formed the cornerstone of many of these proposals. Thisinternationally focused book evaluates the genesis of the housingmarket bubble, the global viral contagion of the crisis, and thepolicy initiatives undertaken in some of the major economies of theworld to counteract its disastrous affects. Unlike other books on the global crisis, this guide deals withthe housing sector in addition to the financial sector ofindividual economies. Countries in many parts of the world wereplayers in either the financial bubble or the housing bubble, orboth, but the degree of impact, outcome, and responses variedwidely. This is an appropriate time to pull together the lessonsfrom these various experiences. Reveals the housing crisis in the United States as the core ofthe meltdown Describes the evolution of housing markets and policies in therun-up to the crisis, their impacts, and the responses in Europeanand Asian countries Compares experiences and linkages across countries and pointsto policy implications and research lessons drawn from theseexperiences Filled with the insights of well-known contributors with strongcontacts in practice and academia, this timely guide discusses thehistory and evolution of the recent crisis as local to eachcontributor's part of the world, and examines its distinctive andcommon features with that of the U.S., the trajectory of itsevolution, and the similarities and differences in policyresponse.
Type: BOOK - Published: 2011-02-18 - Publisher: ABC-CLIO
This meticulously documented work sets forth the major causes of the greatest asset bubble in world economic history—the American housing bubble, which began in 1940 and collapsed in 2007. • Extracts from major legislation—federal, state, and local—that promoted the creation of the housing bubble • An introductory essay illuminating the
Type: BOOK - Published: 2020-06-09 - Publisher: Harvard University Press
The definitive account of the housing bubble that caused the Great Recession—and earned Wall Street fantastic profits. The American housing bubble of the 2000s caused the worst global financial crisis since the Great Depression. In this definitive account, Adam Levitin and Susan Wachter pinpoint its source: the shift in mortgage
Type: BOOK - Published: 2021-10-20 - Publisher: Rowman & Littlefield
The American Housing Question reframes the question of affordable housing through the concepts of urban citizenship and racism. As the author aptly demonstrates, solving America’s housing question means addressing both the effects of racism on housing and revaluing the notion of the public.
Authors: Ashok Bardhan, Robert H. Edelstein, Cynthia A. Kroll
Categories: Business & Economics
Type: BOOK - Published: 2011-10-27 - Publisher: John Wiley & Sons
A global look at the reasons behind the recent economiccollapse, and the responses to it The speculative bubble in the housing market began to burst inthe United States in 2007, and has been followed by ruptures invirtually every asset market in almost every country in the world.Each country proposed a
Type: BOOK - Published: 2009 - Publisher: Greenhaven Press, Incorporated
Discusses issues relating to the current housing and mortgage crisis in the United States, including if there should be more government regulation of mortgage lending, who is responsible for the crisis, and what should be done to prevent further crises.