Government Intervention and the Subprime Mortgage Financial Crisis - Wang, Chunyang
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The Subprime Mortgage Crisis is the worst crisis since the Great Depression. We not only see hundreds of bank failures, but also massive government interventions with trillions dollar bailouts. Many cases and data show that government bailouts did not restore but worsen investors' confidence by inducing bank runs. This book studies the recent financial crisis and government intervention from a totally new perspective. This book argues why free market is good even during the financial crisis turbulent periods.

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Produktbeschreibung
The Subprime Mortgage Crisis is the worst crisis since the Great Depression. We not only see hundreds of bank failures, but also massive government interventions with trillions dollar bailouts. Many cases and data show that government bailouts did not restore but worsen investors' confidence by inducing bank runs. This book studies the recent financial crisis and government intervention from a totally new perspective. This book argues why free market is good even during the financial crisis turbulent periods.
Autorenporträt
Chunyang Wang is an Assistant Professor at Peking University HSBC Business School. He got his PhD from University of Minnesota. He has published at top journals including European Economic Review.