Prologue to the Crisis: 2000–2006

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

Chapter 4 in Financial Crisis, 2013, pp 59-102 from Palgrave Macmillan

Abstract: Abstract This chapter and Chapter 5 investigate the performance of both the real sector and the financial sector of the US economy over the course of the first 11 years of the twenty-first century. The objective is to understand, through both narrative and empirical evidence, the many developments that took place before, during, and after the financial crisis. This sets the stage for the wider objective of the book, which is to evaluate crisis theories in the light of recent experience.

Keywords: House Price; Mortgage Loan; Federal Fund Rate; Credit Rating Agency; Housing Bubble (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-1-137-31105-4_4

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DOI: 10.1057/9781137311054_4

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