Summary: The Subprime Solution E-Book

BusinessNews Publishing

• Herausgeber: Political Book Summaries
• Kategorie: Fachliteratur
• Sprache: Englisch

Seitenzahl: 14

Veröffentlichungsjahr: 2017

Beschreibung

The must-read summary of Robert J. Shiller's book: “The Subprime Solution: How Today's Global Financial Crisis Happened, and What to Do About It”.

This complete summary of "The Subprime Solution" by Robert J. Shiller, Nobel Laureate and economist, outlines his explanation of how the subprime mortgage crisis arose and his solutions to resolve it. He believes that a restructuring of the institutional foundations of the financial system is necessary for recovery and greater prosperity.

Added-value of this summary:
• Save time
• Understand the subprime mortgage crisis and possible ways of resolving it
• Expand your knowledge of economics and finance

To learn more, read "The Subprime Solution" and discover some potential, radical solutions that would create the conditions for greater prosperity across the global economy.

Leseprobe

Book Presentation: The Subprime Solution by Robert J. Shiller

Book Abstract

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 The Subprime Solution, economist Robert Shiller explains how this crisis occurred and he also puts forward bold measures to solve it. He calls for an aggressive response; a restructuring of the institutional foundations of the financial system that will not only allow people once again to buy and sell homes with confidence, but will create the conditions for greater prosperity in America and throughout the deeply interconnected world economy.

About the Author

Robert J. Schiller is the Arthur M. Okun Professor of Economics at Yale University. He is the best-selling author of Irrational Exuberance and The New Financial Order.

Summary of The Subprime Solution (Robert J. Shiller)

Introduction

The subprime crisis is an economic predicament that threatens the health of the global economy. The bursting of the speculative bubble in the U.S. housing market in 2006 is the proximate cause of the subprime crisis, but the shock waves from that rupture have led to a global credit crunch and financial failures worldwide. The disruption unleashed by the subprime crisis is of historic proportions and the crisis has already instigated major social and economic changes. We will be dealing with the aftershocks and consequences of the subprime crisis for years to come.