emerging market crisis to capture an adverse supply shock to bank capital, we show, consistent with the bright-side, that …

the crisis. …

financial crisis and the global recession. This particularly applies to most of the complex structured financing forms whose …

explanation for observed developments in the interbank market before and during the 2007-09 financial crisis (dramatic increases … banks to restore interbank activity). We use the model to discuss various policy responses. - Financial crisis ; Interbank …

Credit rating agencies (CRAs) bear some responsibility for the financial crisis that started in 2007 and remains …, given the depth of the crisis, CRAs would not be able to satisfy policymakers by eliminating flaws in their rating methods … crisis, after the crisis started, politicians became increasingly vocal in demanding regulation. Initially, these demands …

volatility of interest rates in secured markets. We use the model to discuss various policy responses to the crisis. -- Financial … crisis ; Interbank market ; Liquidity ; Credit risk ; Collateral …

period leading up to the subprime crisis. The fraction of highly rated securities in each deal is decreasing in mortgage … the entire sample period, not just for deal cohorts most affected by the crisis. -- Credit rating agencies ; mortgages … ; mortgage-backed securities ; subprime crisis …