Post on 08-Jan-2016
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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
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
Underlying Causes of the Financial Crisis
Figure 15.3: Increasing Bank Size
Source: Federal Deposit Insurance Corporation (www2.fdic.gov/qbp/); www.fdic.gov/bank/statistical/stats/2012dec/industry.html