Dungey, Mardi; Dwyer, Gerald P.; Flavin, Thomas - College of Business and Economics, Australian National … - 2011
The misevaluation of risk in securitized financial products is central to understand- ing the Financial Crisis of 2007-2008. This paper characterizes the evolution of factors affecting collateralized debt obligations (CDOs) based on subprime mortgages. A key feature of subprime-mortgage backed...
