We develop a methodology to study how the subprime crisis spills over to the real economy. Does it manifest itself …

This paper links the current sub-prime mortgage crisis to a decline in lending standards associated with the rapid … declines in lending standards by incumbent banks. Finally, lending standards declined more in areas with higher mortgage … securitization rates. The results are consistent with theoretical predictions from recent financial accelerator models based on …

We develop a methodology to study how the subprime crisis spills over to the real economy. Does it manifest itself …

issues surrounding key financial institutions during the 2007 subprime crisis. A multivariate GARCH model is estimated in …

China and Hong Kong SAR during the subprime crisis. Using both univariate and multivariate GARCH models, this paper finds …

unsecured interbank markets during the first phase of the subprime crisis which began in July 2007. Extraordinary liquidity …

financial sector stability) to the fast rise of securitization and the way it has arguably complicated both the conduct of … innovation, specifically through securitization, has altered the nature of some macro-financial linkages, often with considerable … policy implications. We find that securitization activity in the United States (mature market) and South Africa (emerging …