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LITIGATIONS, DAMAGES AND SOLUTIONS IN RESIDENTIAL MORTGAGE-BACKED SECURITIES
Jomadar, Dinesh - Volkswirtschaftliche Fakultät, … - 2009
-offs, judgments, and bankruptcies qualify for subprime loans (Hayre, 2001). Securitization is the financial technology that integrates …
Persistent link: https://www.econbiz.de/10008866120
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Liquidity Contractions, Incomplete Financial Participation and the Prevalence of Negative Equity Non-recourse Loans
Iraola, Miguel; Torres-Martínez, Juan Pablo - Volkswirtschaftliche Fakultät, … - 2013
We address a dynamic general equilibrium model where securities are backed by collateralized loans, and borrowers face endogenous liquidity contractions and financial participation constraints. Although the only payment enforcement is the seizure of collateral guarantees, restrictions on credit...
Persistent link: https://www.econbiz.de/10011113921
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Déjà vu all over again: The causes of U.S. commercial bank failures this time around
Cole, Rebel A.; White, Lawrence J. - Volkswirtschaftliche Fakultät, … - 2010
In this study, we analyze why U.S. commercial banks failed during the recent financial crisis. We find that proxies for commercial real estate investments, as well as traditional proxies for the CAMELS components, do an excellent job in explaining the failures of banks that were closed during...
Persistent link: https://www.econbiz.de/10008615045
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Factors Behind International Relocation and Changes in Production Geography in the European Automobile Components Industry
Lampón, Jesús; Lago-Peñas, Santiago - 2013
This article analyses business strategies in the automobile sector to determine the key factors behind production relocation processes in automobile components suppliers. These factors help explain changes in production geography in the sector not only in terms of location advantages but also...
Persistent link: https://www.econbiz.de/10014159354
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Eurasian Integration and Its Institutions : Possible Contributions to Security in Eurasia
Vinokurov, Evgeny; Libman, Alexander - 2017
The authors turn to the large family of institutions that came into existence in post-Soviet Eurasia (and, in some ways, beyond it) over the last two decades. The researchers review their current state, agenda, real and perceived mandate, and their respective achievements and constraints. The...
Persistent link: https://www.econbiz.de/10014118027
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Bank competition, securitization and risky investment
Li, Zhe; Sun, Jianfei - Volkswirtschaftliche Fakultät, … - 2011
We build a general equilibrium model of bank competition in which securitization is the banks�optimal choice. A …
Persistent link: https://www.econbiz.de/10011258629
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Explaining the Housing Bubble
Levitin, Adam; Wachter, Susan - Volkswirtschaftliche Fakultät, … - 2012
There is little consensus as to the cause of the housing bubble that precipitated the financial crisis of 2008. Numerous explanations exist: misguided monetary policy; a global savings surplus; government policies encouraging affordable homeownership; irrational consumer expectations of rising...
Persistent link: https://www.econbiz.de/10011261024
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All Things Considered: The Interaction of the Reasons for the Financial Crisis
Rioja, Abdala; E, Yamile - Volkswirtschaftliche Fakultät, … - 2011
The present paper reviews the causes that led to the financial crisis. Unlike other interpretations, this paper does not place main significance on a single source or on a set of causes. I consider all major standpoints highlighted by research and media prior, during and after the financial...
Persistent link: https://www.econbiz.de/10009294924
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Securitization and moral hazard: Does security price matter?
Liu, Luke - Volkswirtschaftliche Fakultät, … - 2011
This article analyses the effect of security price on the behaviour of bank securitization. We present a model of bank … securitization in which security price together with liquid constraints create the incentive for banks to originate and sell assets … incentive to conduct strategic securitization and the moral hazard problem is serious. Our main idea has been supported by the …
Persistent link: https://www.econbiz.de/10009372531
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Securitization and bank intermediation function
Zagonov, Maxim - Volkswirtschaftliche Fakultät, … - 2011
The move from the originate-to-hold to originate-to-distribute model of lending profoundly transformed the functioning of credit markets and weakened the natural asset transformation function performed by financial intermediaries for centuries. This shift also compromised the role of banks in...
Persistent link: https://www.econbiz.de/10009372586