{"product_id":"9783032185358","title":"The Credit Channel and the Subprime Mortgage Crisis An Examination of Monetary Policy","description":"\u003ch3\u003ePalgrave Studies in Economic History\u003c\/h3\u003e\u003ch1\u003eThe Credit Channel and the Subprime Mortgage Crisis\u003c\/h1\u003e\u003ch2\u003eAn Examination of Monetary Policy\u003c\/h2\u003e\u003ch3\u003eCristina Peicuti\u003c\/h3\u003e\u003cdiv\u003e\u003cb\u003eBusiness \u0026amp; Economics \/ Economic History\u003c\/b\u003e\u003c\/div\u003e\u003cbr\u003e\u003cdiv\u003e\n\u003cp class=\"MsoNormal\" style=\"background: white;\"\u003e\u003cspan style=\"font-size: 12.0pt; color: black;\"\u003eThis book explores the evolving role of the credit channel in contemporary macroeconomic policy and financial stability. In ten analytical chapters, Cristina Peicuti examines the dual function of the credit channel—as both a conduit for monetary policy transmission and a macroeconomic stabilizer—within the broader context of capitalist economies.\u003c\/span\u003e\u003c\/p\u003e\r\n\u003cp class=\"MsoNormal\"\u003e\u003cspan style=\"font-size: 12.0pt; color: black;\"\u003eGrounded in both theoretical inquiry and empirical investigation, the volume first establishes the conceptual foundations of the credit channel, drawing on influential contributions from leading economists. Peicuti systematically demonstrates the channel’s critical role in amplifying or mitigating the effects of monetary interventions, thereby shaping macroeconomic outcomes.\u003c\/span\u003e\u003c\/p\u003e\r\n\u003cp class=\"MsoNormal\"\u003e\u003cspan style=\"font-size: 12.0pt; color: black;\"\u003eA central focus of the book is the empirical analysis of the credit channel’s performance during the European subprime crisis. Pairing case studies with policy evaluations, Peicuti assesses the measures adopted by EU Member States to preserve credit flows and support economic recovery. This analysis not only underscores the operational significance of the credit channel during periods of financial distress but also highlights its potential as a strategic policy instrument.\u003c\/span\u003e\u003c\/p\u003e\r\n\u003cp class=\"MsoNormal\"\u003e\u003cspan style=\"font-size: 12.0pt; color: black;\"\u003eThe concluding chapters advocate for a structural rethinking of capitalism’s financial architecture, emphasizing the need for central banks to integrate the credit channel more explicitly into their policy frameworks. By doing so, the book argues that monetary authorities can foster conditions conducive to sustainable growth, price stability, and crisis prevention.\u003c\/span\u003e\u003c\/p\u003e\r\n\u003cp class=\"MsoNormal\"\u003e\u003cspan style=\"font-size: 12.0pt; color: black;\"\u003eThe resulting book contextualizes modern economic governance and highlights the transformative potential of the credit channel. \u003c\/span\u003e\u003c\/p\u003e\n\u003c\/div\u003e\u003cdiv\u003e\u003cp class=\"MsoNormal\" style=\"background: white;\"\u003e\u003cstrong\u003eCristina Peicuti\u003c\/strong\u003e is a professor and the scientific director of a research chair at the ESCP Business School in Paris, France. She is the author of several books, including \u003cem\u003eA Monetary and Economic History of France Since 1944\u003c\/em\u003e (2026) and \u003cem\u003eThe European Economy in 100 Quotes\u003c\/em\u003e (2024).\u003c\/p\u003e\u003c\/div\u003e\u003cbr\u003e\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublication Date: \u003c\/td\u003e\n\u003ctd\u003e30 July 2026\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublisher: \u003c\/td\u003e\n\u003ctd\u003eSpringer Nature Switzerland\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eImprint: \u003c\/td\u003e\n\u003ctd\u003ePalgrave Macmillan\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eISBN-13: \u003c\/td\u003e\n\u003ctd\u003e9783032185358\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFormat: \u003c\/td\u003e\n\u003ctd\u003eHardback\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePage Count: \u003c\/td\u003e\n\u003ctd\u003e219\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e","brand":"Springer Nature Switzerland","offers":[{"title":"Default Title","offer_id":45667962912908,"sku":"9783032185358","price":116.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9783032185358_26fdeccf-4b7f-43ab-a332-4caa1aced78e.jpg?v=1781059577","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9783032185358","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}