Kniha Timber Bubble That Burst Joe P. Mattey

Timber Bubble That Burst

Government Policy and the Bailout of 1984

Autor: Joe P. Mattey
Jazyk: Angličtina
Vazba: Pevná
Dostupnost: Skladem u dodavatele
Odesíláme za 9-15 dnů
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In this book, Mattey studies the unusual movements in the price of federal timber over 1979-1981. Wi...

Informace o knize

Jazyk
Angličtina
Vazba
Kniha - Pevná
Vydáno
1991
Stránek
118
EAN
9780195062755
ISBN
0195062752
Enbook ID
04512697
Hmotnost
327
Rozměry
146 x 224 x 13

Kompletní popis

In this book, Mattey studies the unusual movements in the price of federal timber over 1979-1981. Wide differentials between the price of timber, future contracts, and the price of delivered timber threw the Pacific Northwest into a recession in 1982-84 when timber buyers delayed harvests in order to postpone the realization of their losses on their contracts. Mattey shows that it was not so much the actions of the Federal Reserve - which was widely blamed for the crisis - but the actions of the buyers themselves that caused the recession.

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