A Property Economics Explanation of the Global Financial Crisis

A Property Economics Explanation of the Global Financial Crisis

This chapter contains sections titled: The Breach of Bagehot's First Principle of Central Banking Sparked the Crisis From Cheap Money to the Subprime Fiasco The Breach of Bagehot's Second Principle of Central Banking Through Lowering Collateral Standards and Aggressive Balance Sheet Expans...

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Bibliographische Detailangaben
Hauptverfasser: Heinsohn, Gunnar, Decker, Frank
Format: Buchkapitel
Sprache:eng
Schlagworte:
federal reserve bank
global financial crisis
interest payment
market failure
property premium
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Beschreibung
Zusammenfassung:This chapter contains sections titled: The Breach of Bagehot's First Principle of Central Banking Sparked the Crisis From Cheap Money to the Subprime Fiasco The Breach of Bagehot's Second Principle of Central Banking Through Lowering Collateral Standards and Aggressive Balance Sheet Expansion The State as Proprietor of Last Resort Notes About the Authors
DOI:10.1002/9781118266588.ch2