We show how the timing of financial innovation might have contributed to the mortgage bubble and then to the crash of …

We show how the timing of financial innovation might have contributed to the mortgage boom and then to the bust of 2007 … collateral. We show why tranching and leverage tend to raise asset prices and why CDS tend to lower them. This may seem puzzling …

unique design reflecting the subprime mortgage design. Subprime securitization tranches were often sold to CDOs, which were …

debt resolution process in the Irish mortgage market in the lead up to the COVID-19 shock. We highlight the widespread … engagement of Irish borrowers with debt resolution mechanisms during a decade in which one sixth of mortgage accounts were … restructured by 2016. Lenders favoured short-term mortgage modifications at the beginning of the decade and three-quarters of …

unique design reflecting the subprime mortgage design. Subprime securitization tranches were often sold to CDOs, which were …