| Honorable Mention as one of the top books in Business, Finance & Management by the Professional and Scholarly Publishing Division of the Association of American Publishers for professional and scholarly excellence. |
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The Rise and Fall of the U.S. Mortgage and Credit Markets closely examines the root causes behind the buildup and collapse of the mortgage market.
It includes the extensive data collection and in-depth analysis conducted by Milken Institute economists on the mortgage meltdown and the ensuing financial crisis. It provides insight and information that breaks through the rhetoric and attention-grabbing headlines, along with policy recommendations for moving forward.
The Rise and Fall of the U.S. Mortgage and Credit Markets: A Comprehensive Analysis of the Meltdown, published by John Wiley & Sons, is available from Amazon
and Barnes
and Noble.
Click here to read an excerpt and key findings.
What others have said about The Rise and Fall of the U.S. Mortgage and Credit Markets:
"There have already been numerous articles and books chronicling the U.S. mortgage and financial crisis. And there will undoubtedly be many more. But few will be as comprehensive, well documented, and well written. ... This book should be a standard reference for analysts and policymakers in the years to come." -- Michael Lea, Director of the Corky McMillin Center for Real
Estate, San Diego State University's College of Business Administration
"This book is a detailed account of the financial crisis that engulfed the United States and the world starting in 2007. It is written in a way that that makes it widely accessible, and is a must read for anyone who wants a primer on the crisis and what to do to prevent it from occurring again. Its message that the crisis was due, in substantial measure, to a failure to enforce existing regulations should give pause to those who want to suffocate the financial sector with new regulations."
-- Raghuram Rajan, Eric Gleacher Distinguished Service Professor of Finance, University of Chicago Booth School of Business
"Looking beyond the excesses of mortgage lending and easy credit, the authors dig deeper to identify the underlying roots of the current problems and proffer solutions to resolve the financial crisis while carefully acknowledging the risks of an overly zealous political response and excessive new regulation. This is a foundational work to understanding the sources of the current crisis and future policy options available to resolving it."
-- Scott Minerd, CEO and Chief Investment Officer, Guggenheim Partners Asset Management Inc.
"If you want to know what happened to the U.S. financial system in 2008, you must read this book. It provides incisive analysis, while carefully and comprehensively documenting the dramatic unfolding of the financial crisis."
-- Ross Levine, James and Merryl Tisch Professor of Economics and Director of the William R. Rhodes Center for International Economics, Brown University
"From my perspective as a journalist covering the biggest financial story since the Great Depression, this scholarly and instructive examination of our current market meltdown is an indispensable resource that quickly untangles the complex matter. The authors' perceptive dissection of this historic economic fiasco is supported by an impressive compilation of data and statistics that I intend to keep at my elbow."
-- Jim McTague, Washington Editor, Barron's
"If you want to read one authoritative, clear and balanced book on the subprime mortgage crisis, then read this important and timely volume by a terrific Milken Institute team of scholars. Policymakers should pay heed to their analyses and sensible recommendations."
--Robert E. Litan, Vice President of Research and Policy, Ewing Marion Kauffman Foundation, and Senior Fellow, The Brookings Institution
