Contents; Preface; Postmortem for a Housing Crash / Edward L. Glaeser and Todd Sinai; 1. House Price Moments in Boom-Bust Cycles / Todd Sinai; 2. The Supply Side of the Housing Boom and Bust of the 2000s / Andrew Haughwout, Richard W. Peach, John Sporn, and Joseph Tracy; 3. A Spatial Look at Housing...

Conventional wisdom held that housing prices couldn’t fall. But the spectacular boom and bust of the housing market during the first decade of the twenty-first century and millions of foreclosed homeowners have made it clear that housing is no different from any other asset in its ability to...

Editors' introduction -- Financial crises, globalization and the new world order -- Financial crises and government regulations / Gary Moon Cheung Shiu and Kin-Ming Wong -- China and the world economic order / Wai Kee Yuen and Joe Fuk Kin Wong -- Globalization and the role of multinational...