The Crisis of Risk: Subprime Debt and US Financial Power from 1944 to Present

Synopsis

For the last decade, progressive scholars determined to understand the 2008 financial crisis have examined the growth of US subprime mortgage debt in the period leading up to the collapse and how government policy supported this accumulation. However, the long history of the subprime crisis, its connection to the patterns of financial risk designated by the postwar international monetary system, has been all too often overlooked. Subsequently, the literature has considered the financial crisis as somehow disconnected from the specific evolution of the Bretton Woods financial system and the perceived safety of US Treasury bonds. With this, an important opportunity has been lost to develop critical political economy literature on financial markets. This book explores the long history of the subprime crisis through an original theoretic lens that sheds light on the institutional basis of global debt markets and the role of US Treasury debt in the international financial system.This book will introduce new ideas and appeal to university students and faculty interested in learning more about US financial power and the origins of the subprime crisis.

Copyright:

2021

Book Details

Book Quality:

Publisher Quality

ISBN-13:

9781800370838

Related ISBNs:

9781800370821, 9781800370821

Publisher:

Edward Elgar Publishing

Date of Addition:

08/15/21

Copyrighted By:

N/A

Adult content:

No

Language:

English

Has Image Descriptions:

No

Categories:

History, Nonfiction, Business and Finance, Politics and Government

Submitted By:

Bookshare Staff

Usage Restrictions:

This is a copyrighted book.