The Housing Boom and Bust PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The Housing Boom and Bust PDF full book. Access full book title The Housing Boom and Bust by Thomas Sowell. Download full books in PDF and EPUB format.
Author: Thomas Sowell
Publisher: Basic Books (AZ)
ISBN: 0465018807
Category : Business & Economics
Languages : en
Pages : 194
Get Book Here
Book Description
Explains how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust. The "creative" financing of home mortgages and "creative" marketing of financial securities based on these mortgages to countries around the world, are part of the story of how a financial house of cards was built up--and then collapsed.
Author: Thomas Sowell
Publisher: Basic Books (AZ)
ISBN: 0465018807
Category : Business & Economics
Languages : en
Pages : 194
Get Book Here
Book Description
Explains how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust. The "creative" financing of home mortgages and "creative" marketing of financial securities based on these mortgages to countries around the world, are part of the story of how a financial house of cards was built up--and then collapsed.
Author:
Publisher: Oxford University Press
ISBN: 0197607888
Category : Political Science
Languages : en
Pages : 561
Get Book Here
Book Description
A set of state of the art empirical analyses at the country, regional, and global level that work from a new theoretical framework that analyzes the politics of growth and stagnation. As highlighted by the recent debate on 'secular stagnation,' economic growth has slowed down considerably, and this has given rise to a host of new problems, from financial instability to the collapse of mainstream parties. What happens when growththe main mechanism of capitalist legitimationis harder to come by and less broadly shared? And how should we think about capitalist diversity in the context of global stagnation? In Diminishing Returns, Lucio Baccaro, Mark Blyth, and Jonas Pontusson address these questions by bringing together a number of comparative and international political economists with expertise across many different countries and regions. Going beyond the methodological nationalism common in most comparative research, each author departs from a common theoretical framework, the Growth Model Perspective, and contributes to develop it further. The outcome is a new theoretical framework to help social scientists, policymakers, and opinion makers, understand the politics of growth and stagnation, which offers state of the art empirical analyses at the country, regional, and global level.
Author: Jane Dokko
Publisher:
ISBN:
Category : Monetary policy
Languages : en
Pages : 76
Get Book Here
Book Description
Author: Rob Nijskens
Publisher: Springer
ISBN: 3030116743
Category : Business & Economics
Languages : en
Pages : 220
Get Book Here
Book Description
This open access book discusses booming housing markets in cities around the globe, and the resulting challenges for policymakers and central banks. Cities are booming everywhere, leading to a growing demand for urban housing. In many cities this demand is out-pacing supply, which causes house prices to soar and increases the pressure on rental markets. These developments are posing major challenges for policymakers, central banks and other authorities responsible for ensuring financial stability, and economic well-being in general.This volume collects views from high-level policymakers and researchers, providing essential insights into these challenges, their impact on society, the economy and financial stability, and possible policy responses. The respective chapters address issues such as the popularity of cities, the question of a credit-fueled housing bubble, the role of housing supply frictions and potential policy solutions. Given its scope, the book offers a revealing read and valuable guide for everyone involved in practical policymaking for housing markets, mortgage credit and financial stability.
Author: Anke Hassel
Publisher: Oxford University Press
ISBN: 0192635824
Category : Political Science
Languages : en
Pages : 432
Get Book Here
Book Description
Growth and Welfare in Advanced Capitalist Economies takes stock of the major economic challenges that advanced industrial democracies have faced since the early 1990s and the responses by governments to them. It has three goals: firstly, to further our understanding of how political economies have transformed over the past decades; secondly, to analyse the contribution of governments to these changes, by looking at their growth strategies and thirdly, to highlight and analyse the role of the reforms of welfare systems in this transformative change. In a nutshell, this book maps and provides general understanding of the evolution of growth regimes in advanced capitalist countries. It identifies five main growth regimes in contemporary advanced capitalist economies (three export-led and two domestic demand-led ones). To do so the book combines a supply side approach to economic growth as advocated by the Varieties of Capitalism Literature (OUP, 2001) with a demand side perspective as the recent discussion on growth models has exemplified. It argues that all political economies consist of growth regimes, which are based on a set of institutions that shape the supply side of the economy as well as on demand drivers such as government spending and private consumption. Both supply and demand are heavily shaped by the welfare state which provides for skills through education systems and stimulates demand through high social spending and private pension funds. The book focuses on the analysis of welfare reforms as growth strategies pursued by governments in an era characterised by financialization and the rise of the knowledge economy.
Author: Edward Chancellor
Publisher: Grove Press
ISBN: 0802160077
Category : Business & Economics
Languages : en
Pages : 375
Get Book Here
Book Description
A comprehensive and profoundly relevant history of interest from one of the world’s leading financial writers, The Price of Time explains our current global financial position and how we got here In the beginning was the loan, and the loan carried interest. For at least five millennia people have been borrowing and lending at interest. The practice wasn’t always popular—in the ancient world, usury was generally viewed as exploitative, a potential path to debt bondage and slavery. Yet as capitalism became established from the late Middle Ages onwards, denunciations of interest were tempered because interest was a necessary reward for lenders to part with their capital. And interest performs many other vital functions: it encourages people to save; enables them to place a value on precious assets, such as houses and all manner of financial securities; and allows us to price risk. All economic and financial activities take place across time. Interest is often described as the “price of money,” but it is better called the “price of time:” time is scarce, time has value, interest is the time value of money. Over the first two decades of the twenty-first century, interest rates have sunk lower than ever before. Easy money after the global financial crisis in 2007/2008 has produced several ill effects, including the appearance of multiple asset price bubbles, a reduction in productivity growth, discouraging savings and exacerbating inequality, and forcing yield starved investors to take on excessive risk. The financial world now finds itself caught between a rock and a hard place, and Edward Chancellor is here to tell us why. In this enriching volume, Chancellor explores the history of interest and its essential function in determining how capital is allocated and priced.
Author: Clifford J. Shultz, II
Publisher: Springer Nature
ISBN: 3030981525
Category : Social Science
Languages : en
Pages : 667
Get Book Here
Book Description
This volume explores the impact of the COVID-19 pandemic on the health, safety, and socioeconomic well-being of community residents of selected countries around the world. It is built on an overarching framework of studying community well-being, applied here to the analyses of one of the most significant crises of our time. Most important are the lessons learned from the experiences in these countries – including insights and recommendations on how to mitigate future pandemics. Building on years of research, each chapter is written by an accomplished scholar with interests and expertise on various assessments of community well-being development in the country of study. The authors share cases and analyses, and highlight failures and successes; they offer sound policy recommendations on how to restore the health, safety, and multidimensional wellness of community residents, and how to decrease the likelihood and impact of future crises. Some of the policy recommendations in this multi-country compendium can be used to assist crisis prevention and recovery, beyond pandemics. The volume shows how the lessons learned and shared from community responses to the pandemic can provide critical and useful policy insights to shape best practices in mitigating other disasters like hurricanes, floods, earthquakes, tornadoes, wars, riots, acts of domestic and international terrorism, weapons of mass destruction and industrial accidents. This is a must-read for researchers across the social sciences, health sciences, and management studies, and for government and non-government professionals involved in community health and well-being.
Author: Martin Grander
Publisher: Taylor & Francis
ISBN: 1003830420
Category : Political Science
Languages : en
Pages : 433
Get Book Here
Book Description
This handbook takes on one of the most pressing issues of today’s society – the question of housing. It is a cutting-edge edited volume about the disputed interrelationship between housing and the wider welfare state. Although housing scholars generally agree that housing should be regarded as part of such a wider welfare system, it has proven hard to pinpoint and operationalize its position within it. Moreover, the relationship became considerably more complex as a result of the period of intense globalization and the integration of national housing finance systems into world finance markets. Furthermore, welfare systems reflect economic as well as social models and these, too, have changed as countries have responded to globalization, and traditional ideological frameworks have become less distinct. Thus, there is a need to redefine the connection between housing and welfare in light of changes in both welfare and housing systems. By investigating the current situation and historical development of housing provision and welfare distribution in different contexts worldwide, this book aims to contribute to an expanded understanding of housing and welfare. The book brings together 25 international housing researchers covering 15 countries worldwide. With such a global approach, the book aims to provide an updated empirical picture and analysis of different housing systems and their connection to the welfare regime in different national contexts. The book moves beyond the usual focus on affordable housing provision in the context of well-developed welfare regimes and includes countries from the global south, incorporating regions where it is debatable whether there are welfare systems present at all. Thus, the book aims to provide the reader with an insight into the large differences in housing provision in international contexts with large differences regarding how the welfare state is comprised. From these insights, we reflect on whether regime approaches continue to provide a suitable theoretical framework for understanding the relationship between housing and the wider welfare state. This handbook is essential reading for researchers, students, policymakers, and other professionals in the fields of housing studies, welfare studies, economics, urban studies, social work, social and public policy, and sociology.
Author: Everest Media,
Publisher: Everest Media LLC
ISBN:
Category : Business & Economics
Languages : en
Pages : 51
Get Book Here
Book Description
Please note: This is a companion version & not the original book. Sample Book Insights: #1 The first transactions were for credit rather than barter. The Mesopotamians charged interest on loans before they discovered how to put wheels on carts. Interest is much older than coined money, which only originated in the eighth century BC. #2 The Ancient Near East was home to many loan transactions, and interest was generally paid in the same commodity as the loan. The tablets were marked with a seal and witnessed. Many loans were defaulted on, and disputes between debtors and creditors often ended up in court. #3 The calculation of interest requires standardized measurements of time and value. The Sumerian calendar contained thirty days in the month and twelve months in the year, which lent itself to simple calculation. Working out how much interest was due could still be a complex business. #4 Finance was born in the shadows of sanctity. Temples were the main providers of loans in the Ancient Near East initially. Palaces also supplied credit. Over time, the job of collecting taxes and making loans was handled by middlemen.
Author: Raghuram Rajan
Publisher: MIT Press
ISBN: 0262377144
Category : Business & Economics
Languages : en
Pages : 143
Get Book Here
Book Description
A call for an end to aggressive monetary policy and a return to smart growth from an eminent researcher and former central banker. Central banks took extraordinary measures to stabilize markets and enhance growth after the financial crisis of 2008, but without giving much thought to the long-term consequences. It was a response, Raghuram Rajan argues, that set a dangerous precedent: the more centrals bank did, the more they were expected to do, and the more they ended up doing. Monetary Policy and Its Unintended Consequences looks back at what this meant for where we are now. A former central banker who foresaw the 2008 crisis and wrote a bestselling book about the risks of excessively accommodative monetary policy, Rajan takes a hard look at central bank behavior and its embrace of increasingly aggressive strategies to keep economies afloat. Despite efforts to strengthen markets, the 2020 pandemic showed economies remain as vulnerable as ever to adverse shocks, prompting large-scale interventions that, in the case of Covid, led to persistent inflation and market volatility. By examining these undertheorized outcomes, Rajan hopes central banks will recognize the unintended consequences of using all of the instruments available to them, which will encourage them to return to their core mandates of low inflation and financial stability. Monetary Policy and Its Unintended Consequences is the most thorough account yet of the choices central banks have made to meet the economic challenges of our century and why they must rethink these choices.
