Resilience of US metropolitan areas to the 2008 financial crisis

• Main Author: Nicholas Kreston (auth)
• Other Authors: Dariusz Wójcik (auth)
• Format: Electronic Book Chapter
• Language: English
• Published: Edward Elgar Publishing 2018
• Subjects: insurance; and real estate (FIRE); metropolitan statistical area (MSA); economic specialization; subprime mortgages; financial crisis; resilience; finance
• Online Access: DOAB: download the publication; DOAB: description of the publication

This chapter seeks to explain why only a minority of US metropolitan areas enjoyed quicker recovery and higher levels of economic growth following the 2008 banking crisis and recession of 2007‒2009. An uneven pattern of growth came into being over the course of the recession and persisted through 20...