Kobayashi, Masahiro; Orui, Yuji - In: Public Policy Review 6 (2010) 3, pp. 369-406
Stability Plan announced on February 18, 2009. There are similarities and dissimilarities between the GSE crisis and this … the context of systemic risk. However, the GSE crisis was not caused by the mismanagement of ALM risk. Although GSE did … the GSE crisis is the increase of credit risk triggered by the declining home price which spread to prime borrowers. Their …