منابع مشابه
Incentive Roots of the Securitization Crisis and Its Early Mismanagement
Structured securitizations transform traditional default and interest-rate risks into hard-to-understand and hard-to-monitor counterparty and funding risks that in distressed times pass onto financial safety nets. This Essay explains the chain of incentive conflicts that led private and government supervisors to neglect their commonsense moral obligation to understand and control these risks an...
متن کاملFinancial Structure and Financial Crisis
For many years the economies of South East Asia were regarded as models for economic development. The four tigers, Hong Kong, South Korea, Singapore and Taiwan, grew from low levels of income per head to among the highest in the world in a few decades. The newly industrializing economies of Indonesia, Malaysia and Thailand had also started to grow at an extremely rapid rate. The Philippines had...
متن کاملFinancial Crisis Contagion and the OPEC Oil Market
The impact of the financial crisis on the OPEC oil market is important to us as an important member of OPEC and an oil-exporting country with an oil-dependent economy. This study examines four networks, pre-financial crisis, US financial crisis, European debt crisis and post-financial crisis, using the contagion index and complex network for the period 2007-1-2 to 26-8-2019. The results show th...
متن کاملEssays on Securitization and the Resolution of Financial Distress
This thesis consists of three empirical essays on securitization and the resolution of financial distress, examining the information content of prices of mortgage-backed securities, the role of securitization in preventing mortgage renegotiation and the effect of minimum bids in ascending price auctions of repossessed assets. In the first chapter, I present evidence that the prices at originati...
متن کاملDeregulation and the Financial Crisis∗
The recent pronouncement by Sandy Weill, the former Chairman and CEO of Citigroup, that the separation between commercial banking and securities underwriting should be reinstituted has reignited the debate about the role of bank deregulation as a cause of the subprime crisis. In particular, Mr. Weill’s comments have been taken as evidence that the 1999 repeal of the Glass-Steagall Act, containe...
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ژورنال
عنوان ژورنال: Journal of Education Culture and Society
سال: 2020
ISSN: 2081-1640,2081-1640
DOI: 10.15503/jecs20101.37.48