Applying the Evaluative Construct of Economic Efficiency

LaRue Hosmer and Patrick J. Barry

Chapter Chapter 3 in Avoiding Corporate Breakdowns, 2013, pp 61-93 from Palgrave Macmillan

Abstract: Abstract The end of the housing boom in 2006, the start of the foreclosure process in 2007, and the near bankruptcy of the financial industry in 2008 were sequentially connected. The latter could not have happened without the former, and the resulting combination was one of the most destructive collapses ever to occur throughout the economy of the United States, and to some extent that of the world.

Keywords: Housing Price; Credit Default Swap; Mortgage Loan; Investment Firm; Collateralized Debt Obligation (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-32589-1_3

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DOI: 10.1057/9781137325891_3

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