World Economic Outlook 2008: Housing and the Business Cycle
IMF | 2008 | ISBN: 9781589067196 | English | 303 pages | PDF | 4.6 MB
 
The world economy has entered new and precarious territory. The U.S. economy continues to be mired in the financial problems that fi rst emerged in subprime mortgage lending but which have now spread much more broadly. Strains that were once thought to be limited to part of the housing market are now having considerable negative effects across the entire economy, with rising defaults, falling collateral, and tighter credit working together to create a powerful and hard-to-defeat financial decelerator.

 

لینک دانلود