Debt, Crisis and Recovery

Debt, Crisis and Recovery

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This book compares the problems of debt, recession, and recovery in the 1930s with the 1990s. The first part covers the explosion of debt in the public and private sectors during the 1970s and 1980s, and the implications for economic stagnation and recession. The second part is a reprint of Albert Hart's classic 1938 study, Debts and Recovery 1929 to 1937. The extraordinary parallel between financial problems of the 1930s and the 1990s, solutions of the past, and proposed reforms for the future provide a fascinating study.Refinancing of Mortgage Holdings by Government Agencies Another important form of help which banks received from the government was the refinancing of large amounts of defaulted mortgages. The Farm Credit Administration estimates anbsp;...

Title:Debt, Crisis and Recovery
Author:Albert Gailord Hart, Perry Mehrling
Publisher:M.E. Sharpe - 1995-06-28


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