contagion effect after the U.S. subprime mortgage crisis. The results indicate the presence of left tail dependence before and …

of macroprudential instruments addressing mortgage credit. The model compares the introduction of a loan-to-value ratio …

mortgage finance can be seen building across several dimensions that need to be addressed. While reforms to the GSEs are an … important part of dealing with these concerns, this paper argues that broader changes need to be made across the entire mortgage …

systemic elements that turned the crisis of subprime mortgage-backed securities in the United States, a small part of the … overall system, into a worldwide crisis. The first half of the paper explains the role of mortgage securitization as a … interdependence and transparency. -- Mortgage Securitization ; Subprime-Mortgage Financial Crisis ; Systemic Risk ; Banking Regulation …