Nagy, Márton; Szabó, Viktor E. - In: MNB Bulletin 3 (2008) 1, pp. 35-43
The last few years were characterised by high risk appetite and global spreading of a substantial amount of under-priced risks as a consequence of bank’ securitisation activities. The turbulence triggered by the US mortgage market led to the re-pricing of risks, which in turn has resulted in...