Crises and the recent recession
AbstractThe United States economy has suffered over the past four years from crises in mortgage foreclosures and in financial markets, as well as a long recession that some have referred to as the Great Recession. The links between these events, or more broadly the causes, extent and effects of these developments, are sources of continuing controversy and uncertainty. This paper attempts to disentangle the links between the mortgage foreclosure crisis, the financial crisis, a possible banking crisis and the Great Recession, at least in terms of timing, and also to provide an alternative view to the conventional wisdom, especially for the link of crises to the recession.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 31914.
Date of creation: Oct 2010
Date of revision:
Foreclosure crisis; banking crisis; financial crisis; recession;
Find related papers by JEL classification:
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- G01 - Financial Economics - - General - - - Financial Crises
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-08-02 (All new papers)
- NEP-BAN-2011-08-02 (Banking)
- NEP-FDG-2011-08-02 (Financial Development & Growth)
- NEP-MAC-2011-08-02 (Macroeconomics)
- NEP-URE-2011-08-02 (Urban & Real Estate Economics)
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