Showing 1 - 10 of 12
We explore the capital structure and governance of a mortgage-insuring securitization utility operating with government reinsurance for systemic or “tail” risk. The structure we propose for the replacement of the GSEs focuses on aligning incentives for appropriate pricing and transfer of...
Persistent link: https://www.econbiz.de/10013074595
In August of 2007, banks faced a freeze in funding liquidity from the asset-backed commercial paper (ABCP) market. We investigate how banks scrambled for liquidity in response to this freeze and its implications for corporate borrowing. Commercial banks in the United States raised deposits and...
Persistent link: https://www.econbiz.de/10013077991
underperformance (high mortgage defaults and losses and large rating downgrades) among deals with observably higher risk mortgages …
Persistent link: https://www.econbiz.de/10013143047
Since December 2008, the Federal Reserve's traditional policy instrument, the target federal funds rate, has been effectively at its lower bound of zero. In order to further ease the stance of monetary policy as the economic outlook deteriorated, the Federal Reserve purchased substantial...
Persistent link: https://www.econbiz.de/10013146388
This paper reviews the mortgage-backed securities (MBS) market, with a particular emphasis on agency residential MBS in the United States. We discuss the institutional environment, security design, MBS risks and asset pricing, and the economic effects of mortgage securitization. We also assemble...
Persistent link: https://www.econbiz.de/10013306170
This edited volume seeks to identify the sustainability issues currently affecting the energy business and finance. For … this purpose, a broad range of perspectives on sustainability issues in the energy business and finance are taken into … consideration in the context of renewable business projects. In turn, several novel strategies from the energy business and finance …
Persistent link: https://www.econbiz.de/10012821387
This book provides a historical understanding of current debates over tax reform and offers a comparative framework for discussing the relationship between fiscal policy and the distribution of income and wealth. Topics covered include the evolution of income taxation since World War II; the...
Persistent link: https://www.econbiz.de/10012396807
Peak-Konsum -- Die Auswirkungen von Bevölkerungsschrumpfung und -alterung auf das Rentenversicherungssystem in Deutschland -- Was taugen die Vorhersagen? Regionale Unterschiede in der demografischen Entwicklung, Ursachen und Zukunftsprognosen -- Die Generationenökonomie -- Auswirkungen des...
Persistent link: https://www.econbiz.de/10012496251
Corporate Finance and Financial Development: An Introduction -- Entrepreneurs' dynamic capabilities, financial resource … Diffusion Drive the Finance-Growth Nexus? Evidence from sub-Saharan Africa -- Foreign direct investment, tourism, and financial … of Industrial Production, Financial Development and Carbon Emission in Nigeria -- Corporate finance and financial …
Persistent link: https://www.econbiz.de/10013275874
-- Part 6. Finance -- Chapter 12. The Technological Impact in Finance: A Bibliometric Study of Fintech Research -- Chapter 13 …EBES conferences have been intellectual hub for academic discussion in economics, finance, and business fields and … empirical papers in this volume cover diverse areas of business, economics, and finance from many different regions. Therefore …
Persistent link: https://www.econbiz.de/10013188397