Crisis in the heartland: consequences of the New Wall Street System
Year: 2009
Type: article
Abstract: crunch that began in the atlantic world in august 2007 is strange in its extraordinary scope and intensity. Mainstream discourse, referring to a ‘sub-prime’ crisis, implies that the credit crunch has been caused, rather than triggered, by a bubble in the real economy. this is at best naive: after all, the bursting of an equally large bubble in the spanish housing market led to no such blow-out in the domestic banking system.
Author: Gowan, Peter
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1553812014