House of debt: how they (and you) caused the great recession, and how we can prevent it from happening again ; with a new afterword.
Mian, Atif
House of debt: how they (and you) caused the great recession, and how we can prevent it from happening again ; with a new afterword. - Chicago: University of Chicago Press; c2015. - 229p.
Budhiraja Collection
Atif Mian and Amir Sufi in House of Debt reveal how the Great Recession and Great Depression, as well as the recent economic malaise in Europe, were caused by a large run up in household debt followed by a significantly large drop in household spending. Mian and Sufi argue strongly with real data that current policy that is too heavily biased toward protecting banks and creditors, with the goal of increasing the flow of credit, a response that is disastrously counter productive when the fundamental problem is actually too much debt.
9780226271651
Financial crises
Consumer credit
Debtor and Creditor
Financial crises prevention
Foreclosure
330.9730931
House of debt: how they (and you) caused the great recession, and how we can prevent it from happening again ; with a new afterword. - Chicago: University of Chicago Press; c2015. - 229p.
Budhiraja Collection
Atif Mian and Amir Sufi in House of Debt reveal how the Great Recession and Great Depression, as well as the recent economic malaise in Europe, were caused by a large run up in household debt followed by a significantly large drop in household spending. Mian and Sufi argue strongly with real data that current policy that is too heavily biased toward protecting banks and creditors, with the goal of increasing the flow of credit, a response that is disastrously counter productive when the fundamental problem is actually too much debt.
9780226271651
Financial crises
Consumer credit
Debtor and Creditor
Financial crises prevention
Foreclosure
330.9730931