The Housing Crisis: What Happened and Why? by Franklin Allen

The Housing Crisis: What Happened and Why?

byFranklin Allen, Glenn Yago

Kobo ebook | July 14, 2010

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This is the eBook version of the printed book.

This Element is an excerpt from Financing the Future: Market-Based Innovations for Growth (9780137011278) by Franklin Allen and Glenn Yago. Available in print and digital formats.


How the housing bubble really happened: an explanation that’s simple, clear, sensible, authoritative, and short!


The genesis of the housing bubble emerged from the ashes of the dot-com bust. To alleviate the downturn, the Federal Reserve drastically reduced interest rates, and the era of easy credit was under way. Other nations with massive foreign reserves were drawn to invest in the U.S., and, with Treasuries offering only meager returns, they began to eye mortgage-backed securities as a “safe” vehicle offering higher yields....


Title:The Housing Crisis: What Happened and Why?Format:Kobo ebookPublished:July 14, 2010Publisher:Pearson EducationLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0132478897

ISBN - 13:9780132478892