Chapter Fifteen:

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Chapter Fifteen: The Financial Crisis and the Great Recession

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Chapter Fifteen:. The Financial Crisis and the Great Recession. Prelude to a Crisis. Figure 15.1: Historical Housing Prices. Source: Shiller dataset. www.econ.yale.edu/~shiller/data.htm. Figure 15.2: Housing Bubble and Credit Access. - PowerPoint PPT Presentation

Transcript of Chapter Fifteen:

Page 1: Chapter Fifteen:

Chapter Fifteen:

The Financial Crisis and the

Great Recession

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Prelude to a Crisis

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Figure 15.1: Historical Housing Prices

Source: Shiller dataset. www.econ.yale.edu/~shiller/data.htm

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Figure 15.2: Housing Bubble and Credit Access

Sources: Federal Reserve (www.newyorkfed.org/markets/statistics/dlyrates/fedrate.html/ and www.federalreserve.gov/releases/h15/data.html); Shiller dataset, www.econ.yale.edu/~shiller/data/ie_data.xls

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Underlying Causes of the Financial Crisis

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Figure 15.3: Increasing Bank Size

Source: Federal Deposit Insurance Corporation (www2.fdic.gov/qbp/); www.fdic.gov/bank/statistical/stats/2012dec/industry.html