Banking and Crisis in the Twenty-First Century: 2000–2010

Jill M. Hendrickson
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Jill M. Hendrickson: University of St Thomas

Chapter 7 in Regulation and Instability in U.S. Commercial Banking, 2011, pp 205-230 from Palgrave Macmillan

Abstract: Abstract Most economic indicators show that, at the turn of the new century, the U.S. economy was flourishing. Despite significant challenges, such as the September 2001 terror attack on America, the economy grew. For the first eight and one half years, the unemployment rates were low, generally staying below six percent. RGDP growth was positive through 2007, and consumer prices held relatively steady during the same period. Between the beginning of 2003 and late into 2007, the Dow Jones Industrial Average generally increased, reaching a peak of over 14,000 in October of 2007. Thus, the economy during the first seven or so years of the twenty-first century may be described as healthy.

Keywords: House Price; Commercial Bank; Deposit Insurance; Mortgage Loan; Mortgage Market (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-29513-1_7

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DOI: 10.1057/9780230295131_7

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