Property boom and banking bust : the role of commercial lending in the bankruptcy of banks

Intro -- Title Page -- Copyright Page -- Contents -- List of Figures -- Acknowledgements -- Chapter 1 Introduction -- Sub-prime Lending Enters the Financial Vocabulary -- The Global Extension -- Commercial Property Market Context -- Past UK Experience -- A Worldwide Phenomenon -- Commercial Property's Role in the Wider Economy -- Property Investment and Short‐termism -- Measuring Commercial Property Market Performance -- Book Structure -- Chapter 2 Long-term Changes to Property Finance and Investment -- Chapter 3 Economic Growth, Debt and Property Investment through the Boom -- Chapter 4 The Anatomy of the Property Investment Boom -- Chapter 5 The Global Financial Crisis and its Impact on Commercial Property -- Chapter 6 Property Lending and the Collapse of Banks -- Chapter 7 Aftermath and Recovery -- Chapter 8 Conclusions -- Chapter 2 Long-term Changes to Property Finance and Investment -- The Changing Role of the Banks in the United Kingdom -- 1979 - A New Direction -- Property Development and Investment Finance -- The Changing Investment Landscape of the Non-banking Financial Institutions -- The Other Main Players in Commercial Property -- The Changing Face of Institutional Property Investment -- Limited Partnerships -- Jersey Rides to the Rescue -- Unit Trusts and Indirect Investment -- Conclusions -- Chapter 3 Economic Growth, Debt and Property Investment through the Boom -- Global Economic Upturn and Debt Accumulation -- The Property Boom and Escalating Debt -- To Whom Were the Banks Lending? -- The Cost and Role of Debt -- Development and its Finance in the Noughties Boom -- The Weight of Money and Moving up the Risk Curve -- Conclusions -- Chapter 4 The Anatomy of the Property Investment Boom -- Commercial Property, the Macroeconomy and Globalization -- Global Property Upswing.