The Political Economy of Housing Financialization

Language: English

Published by Edinburgh University Press, GB, 2019

1788210999 / 9781788210997

Series: Book 2 of 6 - Comparative Political Economy

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The US subprime mortgage crisis, by nearly causing the collapse of the global financial system during the 2007-08 financial crisis, clearly revealed that household debt management is critical to the stability of the international economy. The configuration of mortgage finance systems of European economies, from the UK to Sweden to Spain, have profound effects on national macroeconomic and political outcomes.In this book, Gregory Fuller reveals how national housing systems diverge in terms of their commodification and financialization: mortgages are far more common in some systems than others; some encourage families to treat housing as a tradeable asset while others do not; and certain states provide extensive social housing programmes while others offer virtually none. These differences are shown to have an impact on households' economic precarity, macroeconomic volatility, and ultimately on their political preferences. Drawing on these comparisons, Fuller offers a number of policy suggestions intended to weaken the links between housing, economic instability, and inequality.…

Seller Inventory # LU-9781788210997

Title
The Political Economy of Housing Financialization
Author
Gregory W. Fuller
Publisher
Edinburgh University Press, GB
Publication year
2019
Condition
New
Binding
Hardback
Language
English
ISBN 10
1788210999
ISBN 13
9781788210997
Series
Book 2 of 6: Comparative Political Economy

Rarewaves USA

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