Measuring Wealth and Financial Intermediation and Their Links to the Real Economy

Measuring Wealth and Financial Intermediation and Their Links to the Real Economy - Studies in Income and Wealth ; Volume 73

Hardback (17 Mar 2015)

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Publisher's Synopsis

More than half a decade has passed since the bursting of the housing bubble and the collapse of Lehman Brothers. In retrospect, what is surprising is that these events and their consequences came as such a surprise. What was it that prevented most of the world from recognizing the impending crisis and, looking ahead, what needs to be done to prevent something similar?
           
Measuring Wealth and Financial Intermediation and Their Links to the Real Economy identifies measurement problems associated with the financial crisis and improvements in measurement that may prevent future crises, taking account of the dynamism of the financial marketplace in which measures that once worked well become misleading. In addition to advances in measuring financial activity, the contributors also investigate the effects of the crisis on households and nonfinancial businesses. They show that households' experiences varied greatly and some even experienced gains in wealth, while nonfinancial businesses' lack of access to credit in the recession may have been a more important factor than the effects of policies stimulating demand.

Book information

ISBN: 9780226204260
Publisher: University of Chicago Press
Imprint: The University of Chicago Press
Pub date:
DEWEY: 332
DEWEY edition: 23
Language: English
Number of pages: 392
Weight: 666g
Height: 238mm
Width: 163mm
Spine width: 31mm