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The political, regulatory and market failures that caused the US financial crisis

Tarr, David G. - 2010

Persistent link: https://www.econbiz.de/10008661566

Collective moral hazard, maturity mismatch and systemic bailouts

Tirole, Jean; Farhi, Emmanuel - 2009

The paper elicits a mechanism by which private leverage choices exhibit strategic complementarities through the reaction of monetary policy. When everyone engages in maturity transformation, authorities have little choice but facilitating refinancing. In turn, refusing to adopt a risky balance...

Persistent link: https://www.econbiz.de/10008821884

Twelve market and government failures leading to th 2008-09 financial crisis

Dehesa, Guillermo de la - 2010

Persistent link: https://www.econbiz.de/10008698675

The Political, Regulatory and Market Failures that Caused the US Financial Crisis

Tarr, David G. - 2010

In this paper I discuss the key regulatory, market and political failures that led to the 2008 US financial crisis. While Congress was fixing the Savings and Loan crisis, it failed to give the regulator of Fannie Mae and Freddie Mac normal bank supervisory power. This was a political failure as...

Persistent link: https://www.econbiz.de/10014211696

Lessons of the financial crisis

Steil, Benn - 2009

Persistent link: https://www.econbiz.de/10013437566

Do borrower rights improve borrower outcomes? : evidence from the foreclosure process

Gerardi, Kristopher; Lambie-Hanson, Lauren; Willen, Paul - 2012 - Rev.

We evaluate the effects of laws designed to protect borrowers from foreclosure. We find that these laws delay but do …. We find that the right-to-cure law lengthens the foreclosure timeline but does not lead to better outcomes for borrowers …. -- foreclosure ; mortgage ; judicial ; power of sale ; right to cure …