Global housing markets : crises, policies, and institutions /

• Άλλοι συγγραφείς: Bardhan, Ashok Deo, 1957-, Edelstein, Robert H., Kroll, Cynthia A.
• Μορφή: Ηλ. βιβλίο
• Γλώσσα: English
• Έκδοση: Hoboken, NJ : Wiley, 2011.
• Σειρά: Robert W. Kolb series in finance.
• Θέματα: Global Financial Crisis > (2008-2009); 2008-2009; Housing policy > Case studies.; Global Financial Crisis, 2008-2009.; Globalization.; BUSINESS & ECONOMICS > Real Estate > General.; Housing policy.; Electronic books; Electronic books.; Case studies.

 "A global look at the reasons behind the recent economic collapse, and the responses to it: The speculative bubble in the housing market began to burst in the United States in 2007, and has been followed by ruptures in virtually every asset market in almost every country in the world. Each country proposed a range of policy initiatives to deal with its crisis. Policies that focused upon stabilizing the housing market formed the cornerstone of many of these proposals. This internationally focused book evaluates the genesis of the housing market bubble, the global viral contagion of the crisis, and the policy initiatives undertaken in some of the major economies of the world to counteract its disastrous affects. Unlike other books on the global crisis, this guide deals with the housing sector in addition to the financial sector of individual economies. Countries in many parts of the world were players in either the financial bubble or the housing bubble, or both, but the degree of impact, outcome, and responses varied widely. This is an appropriate time to pull together the lessons from these various experiences. Reveals the housing crisis in the United States as the core of the meltdown -- Describes the evolution of housing markets and policies in the run-up to the crisis, their impacts, and the responses in European and Asian countries -- Compares experiences and linkages across countries and points to policy implications and research lessons drawn from these experiences -- Filled with the insights of well-known contributors with strong contacts in practice and academia, this timely guide discusses the history and evolution of the recent crisis as local to each contributor's part of the world, and examines its distinctive and common features with that of the U.S., the trajectory of its evolution, and the similarities and differences in policy response."--   Provided by publisher. 

 Cover; Series; Title Page; Copyright; Acknowledgments; Editor's Note; Chapter 1: The Financial Crisis and Housing Markets Worldwide; INTRODUCTION; A COMPARATIVE LOOK AT HOUSING AND FINANCIAL SYSTEMS; THE FINANCIAL CRISIS AND GLOBAL HOUSING MARKETS; ONE WORLD, ONE CRISIS? DIFFERENCES AND SIMILARITIES BY REGION AND COUNTRY; LESSONS FROM THE GLOBAL EXPERIENCE; REFERENCES; ABOUT THE AUTHORS; Part I: The United States Leads the Housing Bubble's Rise and Collapse; Chapter 2: The U.S. Housing Market and the Financial Crisis; INTRODUCTION.