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Chapter 41, Housing Is the Business Cycle

Gerard Caprio




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 |  2012-11-27 |  2012-11-27 | File type: PDF

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NOTE: This is a single chapter excerpted from the book The Evidence and Impact of Financial Globalization, made available for individual purchase. Additional chapters, as well as the entire book, may be purchased separately.


The sharp realities of financial globalization become clear during crises, when winners and losers emerge. Crises usher in short- and long-term changes to the status quo, and everyone agrees that learning from crises is a to...

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