by Paul Jorion · Tapa blanda · ISBN 9782213637419
VAT included
Hamelyn quality guarantee · checked and verified, or your money back
«L'implosion» is the economic essay by Paul Jorion, published by Fayard in paperback (331 pages, in French).
The book reconstructs the mechanism of the great financial crisis originating in the United States: the housing bubble, subprime mortgages granted to borrowers with limited resources, their securitization and their sale to investors across the planet. It describes how the collapse of those assets broke financial institutions and spread the credit crunch to the real economy, until it reached European banks.
Originally published on May 21, 2008. Jorion, an anthropologist and specialist in artificial intelligence, had anticipated the subprime crisis in 2005.
The book is aimed at readers interested in economics, banking and financial crises, with particular attention to the US mortgage market and its effects on Europe.
Paul Jorion is an anthropologist and sociologist with a special interest in the cognitive sciences. He has also written seven books on capitalist economics.
