Changes in the US financial system and the subprime crisis

by Jan Kregel

This paper traces the evolution of housing finance in the United States from the deregulation of the financial system in the 1970s to the breakdown of the savings and loan industry and the development of GSE (government-sponsored enterprise) securitization and the private financial system. The paper provides a background to the forces that have produced the present system of residential housing finance, the reasons for the current crisis in mortgage financing, and the impact of the crisis on the overall financial system. -- Financial Instability ; Mortgage Finance ; Subprime Mortgages ; U.S. Financial System

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Year of publication:	Apr. 2008
Other Persons:	Kregel, Jan A. (contributor)
Publisher:	Annandale-on-Hudson, NY
Subject:	USA \| United States \| Subprime-Krise \| Subprime financial crisis \| Finanzkrise \| Financial crisis \| Finanzsektor \| Financial sector \| Finanzmarkt \| Financial market \| Bankenkrise \| Banking crisis

Extent:	Online-Ressource, 20 S., Text graph. Darst.
Series:	Working papers / The Levy Economics Institute. - Annandale-on-Hudson, NY : [Verlag nicht ermittelbar], ZDB-ID 2195074-X. - Vol. 530
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvorausetzungen: Acrobat Reader
Other identifiers:	hdl:10419/31697 [Handle]
Classification:	E12 - Keynes; Keynesian; Post-Keynesian ; E32 - Business Fluctuations; Cycles ; E58 - Central Banks and Their Policies ; E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10003727282