Book contents
- A Great Deal of Ruin
- A Great Deal of Ruin
- Copyright page
- Contents
- Tables
- Preface
- I Introduction
- Part I Financial Crises
- Part II Five Case Studies
- 3 The Great Depression, 1929–1939
- 4 The Latin American Debt Crisis, 1982–1989
- 5 The Asian Crisis, 1997–1999
- 6 The Subprime Crisis in the United States
- 7 The Financial Crisis in Europe
- Part III Lessons
- Abbreviations and Acronyms
- Bibliography
- Index
6 - The Subprime Crisis in the United States
from Part II - Five Case Studies
Published online by Cambridge University Press: 05 August 2019
- A Great Deal of Ruin
- A Great Deal of Ruin
- Copyright page
- Contents
- Tables
- Preface
- I Introduction
- Part I Financial Crises
- Part II Five Case Studies
- 3 The Great Depression, 1929–1939
- 4 The Latin American Debt Crisis, 1982–1989
- 5 The Asian Crisis, 1997–1999
- 6 The Subprime Crisis in the United States
- 7 The Financial Crisis in Europe
- Part III Lessons
- Abbreviations and Acronyms
- Bibliography
- Index
Summary
The literature on the Subprime Crisis is voluminous and spans a range of different approaches, from popular accounts to technical analysis to memoirs by first responders at the Federal Reserve and in the executive branch of the federal government. This chapter provides an overview and chronology of the main developments and turning points and describes the vulnerabilities present at the onset of the crisis. Chapter 7 examines the contagion effects of the crisis in Europe and how it deepened into a worse slump than the Great Depression of the 1930s.
- Type
- Chapter
- Information
- A Great Deal of RuinFinancial Crises since 1929, pp. 143 - 164Publisher: Cambridge University PressPrint publication year: 2019