And … it's gone: the economics of
Purpose - The purpose of this paper is to analyze Design/methodology/approach - The essay describes the events in the Findings - The authors found that the creators of Research limitations/implications - The recession was caused by the Federal Reserve System artificially lowering interest rates, which led to malinvestments in round about directions (housing); this was exacerbated by HUD, CRA, Fannie, Freddie and other governmental subsidies, regulations which also led to the overbuilding of housing. Further research should delve into these causes of the difficulties. Practical implications - The Originality/value - javax.xml.bind.JAXBElement@3714c3b6
Volume (Year): 28 (2012)
Issue (Month): 1 (February)
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References listed on IDEAS
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- Raj, Madhusudan, 2008. "Mending the Meltdown: Fending off the Interventions and Resurrecting the Market," MPRA Paper 15693, University Library of Munich, Germany.
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