... imbalances and the savings glut; the growth of U.S. shadow banking; the collapse of the wholesale funding market, which supports shadow banking; and regulatory deficiencies. Nonpledgeability Pledgeability Insurance International markets Savings glut Subprime crisis the Assets Banking shadow Bubble...

... that they are not the main drivers of the collapse. First, it considers two theories as to why interest rates fell and consequently rose in the early 2000s, one being the “global savings glut,” and whether the rise and fall in housing prices was really a bubble phenomenon. The chapter also talks about how the Federal...

...This chapter argues that secular stagnation—a chronic excess of savings over investment—is an important risk throughout the developed world. It contrasts the secular stagnation viewpoint with alternative explanations of recent trends: the debt supercycle view and the savings glut view. The chapter...