Rethinking Housing Bubbles: The Role of Household and Bank Balance Sheets in Modeling Economic Cycles

by Vernon L. Smith and Steven Gjerstad

Balance sheet crises, in which the prices of widely held and highly leveraged assets collapse, pose distinctive economic challenges. An understanding of their causes and consequences is only recently... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0521198097
• ISBN13: 9780521198097
• Release Date: May 2014
• Publisher: Cambridge University Press
• Length: 304 Pages
• Weight: 1.35 lbs.
• Dimensions: 1.1" x 6.2" x 9.0"