How do the business cycle effects of loan supply shocks depend on the state of prudential regulation in the euro area? To address this question, we first identify regulatory cycles from a cumulative prudential policy index that tracks the evolution of the regulatory stance in the euro area....

Key Features:A distinctive focus on credit risk related topics that are relevant for academics, policymakers and practitioners, linking rigorous theoretical and empirical research with clear practical implicationsAn annual update on global credit market dynamics and financial regulationsTouches...

An updated and revised look at the truth behind America's housing and mortgage bubbles In the summer of 2007, the subprime empire that Wall Street had built all came crashing down. On average, fifty lenders a month were going bust-and the people responsible for the crisis included not just...

An essential guide to credit derivatives Credit derivatives has become one of the fastest-growing areas of interest in global derivatives and risk management. Credit Derivatives takes the reader through an in-depth explanation of an investment tool that has been increasingly used to manage...

Cover -- Contents -- Disclaimer -- By the Same Author -- Introduction -- Chapter 1 "Fraudsters Are the Biggest Winners!" -- Chapter 2 Subprime Financing in the U.S. vs China -- Chapter 3 Horror Stories -- Chapter 4 Data, Data Everywhere. Which Is Useful? -- Chapter 5 Rotten Apples Everywhere --...

Intro -- Ludwig von Mises, The Theory of Money and Credit -- Front Matter -- Title Page -- Copyright Details -- Table of Contents, p. 7 -- Foreword, p. 13 -- Preface to the New Edition, p. 17 -- Introduction, p. 19 -- Preface to the English Edition, p. 23 -- Preface to the Second German Edition,...

Foreclosed explains the rise of high-risk lending in the 1990s and early 200s and why these newer types of loans--and their associated regulatory infrastructure--failed in substantial ways, leading to the economic collapse of 2008.