China and the Mortgaging of America: Economic Interdependence and Domestic Politics

by H. Thompson

Overview

In 2008, the economic relationship between the United States and China almost collapsed due to a crisis at two American mortgage corporations, Fannie Mae and Freddie Mac. This book explains how that crisis came about, and analyzes the consequences and implications.

Product Details

ISBN-13:	9781349318513
Publisher:	Palgrave Macmillan UK
Publication date:	08/04/2010
Series:	International Political Economy Series
Edition description:	1st ed. 2010
Pages:	173
Product dimensions:	5.51(w) x 8.50(h) x (d)

About the Author

HELEN THOMPSON is Senior Lecturer in the Department of Politics and International Studies at the University of Cambridge, UK. Her most recent book is Might, Right, Prosperity and Consent: Representative Democracy and the International Economy 1919-2001.

Table of Contents

Introduction Asian Savings and American Borrowing The Domestic Politics of American Home Ownership Fannie Mae and Freddie Mac and the Mortgage Boom The Crisis of 2007-8 Conclusions Index