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ABS inflows to the United States and the global financial crisis

Bertaut, Carol; DeMarco, Laurie Pounder; Kamin, Steven; … - In: Journal of International Economics 88 (2012) 2, pp. 219-234

-label asset-backed securities (ABS), including mortgage-backed securities and other structured investment products. The GSG … risky subprime mortgage borrowers was necessarily indirect, pushing down yields on safe assets and increasing the appetite …

Persistent link: https://www.econbiz.de/10011056342

Disentangling the Global Financial Crisis: A Review of the Global Response

Thenuwara, H. N. - eSocialSciences - 2009

At this moment, the world is undergoing the worst economic crisis since the Great Depression of 1930s. It is not clear exactly which factors instigated the crisis, but there are many candidates; the formation of an asset bubble in the US, and its subsequent crash, continued excessive consumption...

Persistent link: https://www.econbiz.de/10004980010

A Recovery for All: Rethinking Socio-Economic Policies for Children and Poor Households

Ortiz, Isabel Ortiz (Editor); Cummins, Matthew Cummins … - UNICEF,Division of Policy and Practice

crisis, policy responses to date and United Nations alternative proposals for ‘A Recovery for All.’ With a foreword by Sir …

Persistent link: https://www.econbiz.de/10010548026

Child Poverty and Inequality: New Perspectives

Ortiz, Isabel Ortiz (Editor); Moreira Daniels, Louise … - UNICEF,Division of Policy and Practice - 2012

The 21st century starts with vast inequalities for children in terms of income, access to food, water, health, education, housing, or employment for their families. Half of the world’s children are below the poverty line of $2 a day and suffer from multiple deprivations and violations to basic...

Persistent link: https://www.econbiz.de/10010555880

Pricing of commercial real estate securities during the 2007–2009 financial crisis

Driessen, Joost; Van Hemert, Otto - In: Journal of Financial Economics 105 (2012) 1, pp. 37-61

We study the relative and absolute pricing of CMBX contracts (commercial real estate derivatives) during the recent … financial crisis. Using a structural CMBX pricing model, we find little systematic mispricing relative to REIT equity and … significant. In particular, the CMBX market temporarily overreacts to news announcements. We provide evidence that this temporary …

Persistent link: https://www.econbiz.de/10010576087

Driving Factors of the Subprime Crisis and Some Reform Proposals

Rudolph, Bernd; Scholz, Julia - In: CESifo DICE Report 6 (2008) 3, pp. 14-19

Persistent link: https://www.econbiz.de/10005056452

Explaining the Housing Bubble

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

U.S. Commercial Bank Lending through 2008:Q4: New Evidence from Gross Credit Flows

Contessi, Silvio; Francis, Johanna - Economics Department, Fordham University - 2009

What was hiding behind the aggregate commercial bank loans through the end of 2008? We use balance sheet data for every insured U.S. commercial bank from 1999:Q1 to 2008:Q4 to construct credit expansion and credit contraction series and provide new evidence on changes in lending. Until 2008:Q3...

Persistent link: https://www.econbiz.de/10005019477

Troubled Asset Relief Program (TARP)

Wilson, Linus - Palgrave Macmillan

The Troubled Asset Relief Program (TARP), or the $700 billion bailout, has been the subject of much academic interest. Here the rigorous studies on the programs of this massive intervention into the financial sector are reviewed. While considerable work has been done on the bank bailouts in the...

Persistent link: https://www.econbiz.de/10010684108

Mortgages denominated in domestic and foreign currencies: Simple models

Kiraly, Julia; Simonovits, Andras - Közgazdaság-tudományi Intézet, Közgazdaság- és … - 2015

After the short temporary popularity of FX denominated loans, during the Great Financial and Economic Recession (2007–2013), the burden of these loans has become unaffordable for a lot of borrowers. We have designed a family of simple models to compare the cash flows of installments and the...

Persistent link: https://www.econbiz.de/10011274868