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The crisis : basic mechanisms, and appropriate policies

Blanchard, Olivier - 2009

Persistent link: https://www.econbiz.de/10003861699

Systemic risk in the financial sector : an analysis of the subprime-mortgage financial crisis

Hellwig, Martin - 2008

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 …

Persistent link: https://www.econbiz.de/10003861951

How did we get here? : the story of the credit crisis

Sabry, Faten; Okongwu, Chudozie - In: The journal of structured finance 15 (2009) 1, pp. 53-70

Persistent link: https://www.econbiz.de/10003863879

CDOs and systematic risk : why bond ratings are inadequate

Krahnen, Jan Pieter; Wilde, Christian - 2009

This paper analyzes the risk properties of typical asset-backed securities (ABS), like CDOs or MBS, relying on a model with both macroeconomic and idiosyncratic components. The examined properties include expected loss, loss given default, and macro factor dependencies. Using a two-dimensional...

Persistent link: https://www.econbiz.de/10003864303

The shadow banking system : implications for financial regulation

Adrian, Tobias; Shin, Hyun Song - 2009

the securitization of assets and the integration of banking with capital market developments. This trend has been most …. Securitization was intended as a way to transfer credit risk to those better able to absorb losses, but instead it increased the …’s securities. In the new, post-crisis financial system, the role of securitization will likely be held in check by more stringent …

Persistent link: https://www.econbiz.de/10003864595