A Review of House of Debt

DOI

10.2991/icmesd-18.2018.162How to use a DOI?

Keywords

Household Debt, Leverage Ratio, The Great Depression

Abstract

The Subprime Mortgage Crisis in the United States is a financial crisis arising from the decline of housing prices and the subsequent collapse of the housing bubble, leading to the 2007-2009 U.S. recession and sweeping through the global financial market. In the book House of Debt: How They (and You) Caused the Great Recession, and How We Can Prevent It from Happening Again, the authors, Atif Mian and Amir Sufi, examine the primary cause of the financial crisis ??" the expanding mortgage-backed security ??" and its chain effects on the local and national economic and social condition. The book offers valuable explanations of the crisis and possible solutions to the problem, backed up by sufficient evidence. The theory proposed by the book is also used to examine and evaluate the situation of housing industry in China.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Dan-Qi Zhao
PY  - 2018/05
DA  - 2018/05
TI  - A Review of House of Debt
BT  - Proceedings of the 4th Annual International Conference on Management, Economics and Social Development (ICMESD 2018)
PB  - Atlantis Press
SP  - 949
EP  - 954
SN  - 2352-5428
UR  - https://doi.org/10.2991/icmesd-18.2018.162
DO  - 10.2991/icmesd-18.2018.162
ID  - Zhao2018/05
ER  -