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trend toward securitization of home mortgages. This paper identifies the causes and consequences of the financial …
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While most economists agree that the world is facing the worst economic crisis since the Great Depression, there is little agreement as to what caused it. Some have argued that the financial instability we are witnessing is due to irrational exuberance of market participants, fraud, greed, too...
Persistent link: https://www.econbiz.de/10003943150
wrote in 1987 on "securitization"), he consistently held an endogenous money view. I'll refer briefly to that published work …
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While most economists agree that the world is facing the worst economic crisis since the Great Depression, there is little agreement as to what caused it. Some have argued that the financial instability we are witnessing is due to irrational exuberance of market participants, fraud, greed, too...
Persistent link: https://www.econbiz.de/10010281715
Persistent link: https://www.econbiz.de/10000168264
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, and how the seeds of crisis were sown by lax oversight, deregulation, and risky innovations such as securitization. He …
Persistent link: https://www.econbiz.de/10003811604
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