LEADER 04082nam 22006375 450 001 9910462323703321 005 20210114175824.0 010 $a1-283-54003-7 010 $a9786613852489 010 $a1-4008-4499-1 024 7 $a10.1515/9781400844999 035 $a(CKB)2670000000233582 035 $a(EBL)980045 035 $a(OCoLC)808771970 035 $a(SSID)ssj0000739427 035 $a(PQKBManifestationID)11479998 035 $a(PQKBTitleCode)TC0000739427 035 $a(PQKBWorkID)10687407 035 $a(PQKB)10420191 035 $a(DE-B1597)453864 035 $a(OCoLC)979629773 035 $a(DE-B1597)9781400844999 035 $a(MiAaPQ)EBC980045 035 $a(EXLCZ)992670000000233582 100 $a20190708d2012 fg 101 0 $aeng 135 $aur||||||||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe Subprime Solution $eHow Today's Global Financial Crisis Happened, and What to Do about It /$fRobert J. Shiller 205 $aWith a New preface by the author 210 1$aPrinceton, NJ :$cPrinceton University Press,$d[2012] 210 4$dİ2013 215 $a1 online resource (225 p.) 300 $aDescription based upon print version of record. 311 $a0-691-15632-8 327 $tFront matter --$tContents --$tPreface to the Paperback Edition --$tAcknowledgments --$t1. Introduction --$t2. Housing in History --$t3. Bubble Trouble --$t4. The Real Estate Myth --$t5. A Bailout by Any Other Name --$t6. The Promise of Financial Democracy --$t7. Epilogue --$tIndex 330 $aThe 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--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. Shiller blames the subprime crisis on the irrational exuberance that drove the economy's two most recent bubbles--in stocks in the 1990's and in housing between 2000 and 2007. He shows how these bubbles led to the dangerous overextension of credit now resulting in foreclosures, bankruptcies, and write-offs, as well as a global credit crunch. To restore confidence in the markets, Shiller argues, bailouts are needed in the short run. But he insists that these bailouts must be targeted at low-income victims of subprime deals. In the longer term, the subprime solution will require leaders to revamp the financial framework by deploying an ambitious package of initiatives to inhibit the formation of bubbles and limit risks, including better financial information; simplified legal contracts and regulations; expanded markets for managing risks; home equity insurance policies; income-linked home loans; and new measures to protect consumers against hidden inflationary effects. This powerful book is essential reading for anyone who wants to understand how we got into the subprime mess--and how we can get out. In a new preface to this powerful book, Shiller discusses the development of the crisis in relation to the ideas presented in The Subprime Solution. 606 $aGlobal Financial Crisis, 2008-2009 606 $aReal estate investment 606 $aSecondary mortgage market 606 $aSubprime mortgage loans 608 $aElectronic books. 615 4$aGlobal Financial Crisis, 2008-2009. 615 4$aReal estate investment. 615 4$aSecondary mortgage market. 615 4$aSubprime mortgage loans. 676 $a332.722 700 $aShiller$b Robert J.$0124848 801 0$bDE-B1597 801 1$bDE-B1597 906 $aBOOK 912 $a9910462323703321 996 $aThe Subprime Solution$92475755 997 $aUNINA