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Levitin, Adam; Wachter, Susan - Volkswirtschaftliche Fakultät, … - 2012

. First, it demonstrates that the bubble was a supply-side phenomenon attributable to an excess of mispriced mortgage finance …: mortgage-finance spreads declined and volume increased, even as risk increased—a confluence attributable only to an oversupply … of mortgage finance. Second, it explains the mortgage-finance supply glut as resulting from the failure of markets to …

Persistent link: https://www.econbiz.de/10011261024

The Dynamics of House Prices - International Evidence

Sorensen, Jens Kjaer - Volkswirtschaftliche Fakultät, … - 2006

‘New’ long run data regarding Norway, the Netherlands, United Kingdom and USA has been collected and will be graphically, statistically and econometrically compiled and analyzed to prove that real house prices in the long run are constant and mean reverting. Co-integration of nominal house...

Persistent link: https://www.econbiz.de/10005789417

Liquidity Contractions, Incomplete Financial Participation and the Prevalence of Negative Equity Non-recourse Loans

Iraola, Miguel; Torres-Martínez, Juan Pablo - Volkswirtschaftliche Fakultät, … - 2013

We address a dynamic general equilibrium model where securities are backed by collateralized loans, and borrowers face endogenous liquidity contractions and financial participation constraints. Although the only payment enforcement is the seizure of collateral guarantees, restrictions on credit...

Persistent link: https://www.econbiz.de/10011113921

LITIGATIONS, DAMAGES AND SOLUTIONS IN RESIDENTIAL MORTGAGE-BACKED SECURITIES

Jomadar, Dinesh - Volkswirtschaftliche Fakultät, … - 2009

Mortgage-backed securities (MBS) are debt obligations whose cash flows are backed by the principal and interest … payments of pools of mortgage loans, most commonly on residential property (Riddiough, 2001). Lenders establish underwriting … underlying assets for residential mortgage-backed securities. Individuals with strong credit qualify for traditional mortgages …

Persistent link: https://www.econbiz.de/10008866120

Juridical and financial considerations on the public re capitalisation and rescue of financial institutions during periods of financial crises (Part I)

Ojo, Marianne; Rodríguez-Miguez, Jose - Volkswirtschaftliche Fakultät, … - 2010

As well as a consideration of why the lender of last resort facility should be used for emergency situations and systemically relevant institutions in particular, an interesting point which will be considered in this paper is the comparison between the European Central Bank (ECB) Recommendation...

Persistent link: https://www.econbiz.de/10008490084

Juridical and financial considerations on the public re capitalisation and rescue of financial institutions during periods of financial crises

Ojo, Marianne; Rodriguez-Miguez, Jose - Volkswirtschaftliche Fakultät, … - 2010

Persistent link: https://www.econbiz.de/10008683301

Stock returns predictability and the adaptive market hypothesis in emerging markets: evidence from India

Hiremath, Gourishankar S; Kumari, Jyoti - Volkswirtschaftliche Fakultät, … - 2014

This study addresses the question of whether the adaptive market hypothesis provides a better description of the behaviour of emerging stock market like India. We employed linear and nonlinear methods to evaluate the hypothesis empirically. The linear tests show a cyclical pattern in linear...

Persistent link: https://www.econbiz.de/10011113081

Impact of Economic Crisis on Innovation Behaviour of Industrial Firms In Russia

Kuznetsov, Boris - 2013

The paper focuses on empirical analysis of major factors that determine innovation activities of Russian manufacturing firms during the crisis. We presume that the crisis has ambiguous effects on firms' behaviour, on one hand limiting their financial capabilities to invest into new products...

Persistent link: https://www.econbiz.de/10013082604

When Capitalism no longer works - a Profit Warning

De Koning, Kees - Volkswirtschaftliche Fakultät, … - 2012

manager. Risk managers can make mistakes. When banks made mistakes -like in the subprime mortgage debacle- risks were spread …

Persistent link: https://www.econbiz.de/10011107559

Cause and cure of the crisis

Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2014

The welfare state was created after 1950 with counterproductive mechanisms and this caused high inflation and high unemployment and stagnating growth by 1970, called stagflation. Since 1970 governments redressed the welfare state but did not succeed in finding workable mechanisms. They rather...

Persistent link: https://www.econbiz.de/10011108214