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Daniel Gros

Banking Union as a Shock Absorber

Lessons for the Eurozone from the US

Buch

The Great Financial Crisis, which started in 2007-08, was originally called the 'sub-prime' crisis because its origins could be traced to excessive lending in the real estate sector in the US, concentrated mostly in sunbelt states like Nevada, Florida and California. There were similar pockets of excess lending for housing in Europe, notably in Ireland and Spain. But a key difference emerged later: in Ireland and Spain, the local banking systems almost collapsed and the governments experienced severe financial stress with large macroeconomic costs. Nothing similar happened in the US. The local financial system remained fully functional and th… Mehr

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Produktdetails


Weitere Autoren: Belke, Ansgar
  • ISBN: 978-1-78348-594-9
  • EAN: 9781783485949
  • Produktnummer: 18305790
  • Verlag: Rowman & Littlefield International
  • Sprache: Englisch
  • Erscheinungsjahr: 2015
  • Seitenangabe: 98 S.
  • Masse: H23.5 cm x B15.7 cm x D1.0 cm 307 g
  • Abbildungen: HC gerader Rücken kaschiert
  • Gewicht: 307

Über den Autor


Daniel Gros is Director of the Centre for European Policy Studies, Brussels.

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