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The Housing and Credit Bubbles in the United States and Europe: A Comparison.

Authors :
WACHTER, SUSAN
Source :
Journal of Money, Credit & Banking (John Wiley & Sons, Inc.); Mar2015 Supplement, Vol. 47, p37-42, 6p, 1 Graph
Publication Year :
2015

Abstract

A house price boom occurred simultaneously in the United States and in a number of European countries from 2003 to 2007, accompanied in each case by an expansion in housing finance. This article considers the role of financial innovation along with incomplete markets in these cycles. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
00222879
Volume :
47
Database :
Complementary Index
Journal :
Journal of Money, Credit & Banking (John Wiley & Sons, Inc.)
Publication Type :
Academic Journal
Accession number :
101791887
Full Text :
https://doi.org/10.1111/jmcb.12188