{"product_id":"robertj-shillerthesubprimesolutionhowtodaysglobalfinancialcrisishappened-andwhattodoaboutit","title":"Robert J. Shiller - The Subprime Solution: How Today's Global Financial Crisis Happened, and what to Do about it","description":"\u003cp\u003eWritten by Robert J. Shiller. Themes include Business \u0026amp; Economics, Banks \u0026amp; Banking, Economic Conditions, Economic History, International.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eAn essential account of the historic subprime mortgage crisis, from the Nobel Prize–winning economist and bestselling author of \u003ci\u003eIrrational Exuberance\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eThe 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.\u003cbr\u003e\u003cbr\u003eShiller blames the subprime crisis on the irrational exuberance that drove the economy's two most recent bubbles—in stocks in the 1990s 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.\u003cbr\u003e\u003cbr\u003eThis powerful book is essential reading for anyone who wants to understand how we got into the subprime mess—and how we can get out.\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eFormat:\u003c\/strong\u003e Paperback\u003c\/p\u003e\u003cp\u003eAll books at Vastela are pre-owned. Condition varies from good to near-new. No book is sold in unacceptable condition.\u003c\/p\u003e","brand":"Vastela Books","offers":[{"title":"Default Title","offer_id":57809233379702,"sku":null,"price":5.0,"currency_code":"CHF","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0707\/7144\/1981\/files\/9780691156323.jpg?v=1767353496","url":"https:\/\/www.vastelabooks.com\/products\/robertj-shillerthesubprimesolutionhowtodaysglobalfinancialcrisishappened-andwhattodoaboutit","provider":"Vastela Books","version":"1.0","type":"link"}