Political Bubbles
How governmental failure led to the 2008 financial crisis-and what needs to be done to avoid another similar event Behind every financial crisis lurks a political bubble-policy biases that foster market behaviors leading to financial instability. Rather than tilting against risky behavior, political bubbles-arising from a potent combination of beliefs, institutions, and interests-aid, abet, and amplify risk. Demonstrating how political bubbles helped create the real estate-generated financial bubble and the 2008 financial crisis, this book argues that similar government oversights in the aftermath of the crisis undermined Washington's respons…
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Produktdetails
- ISBN: 978-1-4008-4639-9
- EAN: 9781400846399
- Produktnummer: 17512241
- Verlag: Princeton University Press
- Sprache: Englisch
- Erscheinungsjahr: 2013
- Seitenangabe: 368 S.
- Plattform: EPUB
- Masse: 0 KB
Über den Autor
Nolan McCarty, Keith T. Poole & Howard Rosenthal
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