About this title: The subprime mortgage crisis has already wreaked havoc on the lives of millions of people and now it threatens to derail the U.S. economy and economies around the world. In this trenchant book, best-selling economist Robert Shiller reveals the origins of this crisis and puts forward bold measures to solve it. He calls for an aggressive response - ...
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Binding: Hardback
Publisher: Univ. PRESSES OF CALIFORNIA, COLUMBIA AND PRINCETON Country = UNITED STATES
Date Published: 2008
ISBN-13:9780691139296ISBN:0691139296
Description: BRAND NEW HARDBACK. 208 pages. The subprime mortgage crisis wreaked havoc on the lives of millions of people and threatened to derail the us economy and economies around the world. this book calls for a restructuring of the institutional foundations of the financial system that can allow people once again to buy and sell homes with confidence. 4 line illus. (Hardback) read more
Binding: Hardcover
Publisher: Princeton University Press
Date Published: 2008
ISBN-13:9780691139296ISBN:0691139296
Description: Fine in very good dust jacket. Light edge wear and light soiling to white jacket. Clean and unmarked text. Tight binding. Glued binding. Paper over boards. With dust jacket. 196 p. Audience: General/trade. read more
Binding: Hardcover
Publisher: Princeton University Press
Date Published: 2008
ISBN-13:9780691139296ISBN:0691139296
Description: Fine in fine dust jacket. ORDER WITH CONFIDENCE FROM JOHN THE BOOKMAN-HAPPY ENDINGS ALWAYS GUARANTEED! Glued binding. Paper over boards. With dust jacket. 196 p. Audience: General/trade. read more
Binding: Hardback
Publisher: University Presses of California, Columbia and Pri
Date Published: 2008
ISBN-13:9780691139296ISBN:0691139296
Description: New. The subprime mortgage crisis wreaked havoc on the lives of millions of people and threatened to derail the US economy and economies around the world. This book calls for a restructuring of the institutional foundations of the financial system that can... read more
Binding: Hardcover
Publisher: Princeton Univ Pr
Date Published: 2008-08-21
ISBN-13:9780691139296ISBN:0691139296
Description: NEW. Hardcover. From an inventory that is 100% brand-new, 100% direct from the publishers' distribution channel. We carry NO pre-owned, NO remaindered. We pack in CARDBOARD to ensure the pristine quality is maintained. (Bubble-wrap alone is NOT sufficient to protect from USPS equipment. ) Guaranteed brand-NEW, protected with CARDBOARD, your satisfaction is guaranteed. BKLUVID: 9780691139296. read more
Binding: Hardcover
Publisher: Princeton University Press
Date Published: 2008
ISBN-13:9780691139296ISBN:0691139296
Description: New. Brand New! Buy with confidence-your satisfaction is guaranteed at B-Logistics! Due to the large scale of our operation, we do not have access to the specific contents/condition of our items. Please note that Expedited shipping is not available at this time. read more
"This little book went to press in 2008, but before the whole financial system almost completely melted down. After Bear Stearns but before Lehman, AIG, the election of Obama, and the Hank Paulson/Bush administration bailout of Wall Street. Thus the "Global Financial Crisis" mentioned in the title is not completely or adequately explained. The words "credit default swap" do not appear. Shiller (the Arthur Okun Professor of Economics at Yale) concentrates on the housing bubble and the mass psychology behind it.
His solutions include: adopting an inflation-indexed unit of measurement, like the unidad de fomento used in Chile, to help consumers understand that dollars are not constant; more widespread use of a liquid market in real estate futures (he believes that derivative markets have the potential to tame speculative real estate bubbles); the issuance of government debt indexed to a nation's GDP; continuous-workout mortgages, that would adjust monthly based on the homeowner's changing ability to pay and changing conditions in the housing market; home equity insurance; and livelihood insurance, which can be seen as a more modern and effective version of unemployment insurance."
"The Subprime Solution does a great job of explaining how the real estate bubble happened as well as what was good and bad about it.
If you have no experience in real estate or mortgage, it may be difficult to pick up and understand the first time through. I would recommend reading it with the internet near by, so you can look up some of the terms used in the field."
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