First Credit Market Turmoil Of The 21st Century, The: Implications For Public Policy

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Author :
Publisher : World Scientific
ISBN 13 : 9814467227
Total Pages : 404 pages
Book Rating : 4.8/5 (144 download)

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Book Synopsis First Credit Market Turmoil Of The 21st Century, The: Implications For Public Policy by : Douglas D Evanoff

Download or read book First Credit Market Turmoil Of The 21st Century, The: Implications For Public Policy written by Douglas D Evanoff and published by World Scientific. This book was released on 2009-11-04 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the summer of 2007, credit markets in almost all industrial countries have been in substantial turmoil and this has become the focus of intense policy debates. The papers in this volume are contributed by the world's leading financial experts and constitute a thorough examination of the first credit market turmoil of the 21st Century. They provide an overview of the main causes, transmission mechanisms and economic implications of what by now has become a major systemic financial crisis. They assess the most important policy considerations and conclude about how to stabilize financial systems, attenuate repercussions on the real economy and shape future regulatory structures. The analyses, conclusions, and recommendations can be expected to influence both public and private policies to mitigate, if not prevent, such crises in the future.

The Financial Crisis Inquiry Report

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Author :
Publisher : Cosimo, Inc.
ISBN 13 : 1616405414
Total Pages : 692 pages
Book Rating : 4.6/5 (164 download)

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Book Synopsis The Financial Crisis Inquiry Report by : Financial Crisis Inquiry Commission

Download or read book The Financial Crisis Inquiry Report written by Financial Crisis Inquiry Commission and published by Cosimo, Inc.. This book was released on 2011-05-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.

Credit Crises

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Publisher : John Wiley & Sons
ISBN 13 : 3527503757
Total Pages : 277 pages
Book Rating : 4.5/5 (275 download)

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Book Synopsis Credit Crises by : Jochen Felsenheimer

Download or read book Credit Crises written by Jochen Felsenheimer and published by John Wiley & Sons. This book was released on 2008-06-16 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on the recent subprime crisis, the authors analyze the mechanisms of a financial market crisis. In order to highlight the basic transmission mechanisms and drivers of a financial market crisis they discuss the relevant players & strategies, explain the principles of the financial instruments that were involved in the crisis and analyze how bubbles emerge, how they burst and what the economic impact might be. The authors address the following key questions: * Why do financial markets run into crises over and over again? * Where do risks for financial crises come from? * Who are the players in the game? * Which instruments and strategies can drive a crisis? * What are the transmission mechanisms onto other markets and the real economy? * When is it all finally over? * How to best weather the storm? Hence, in the prologue the authors highlight the basic framework for a financial crisis based on the subprime crisis. Here, they will also introduce the important topics and drivers of the crisis, i.e. the relevant players (banks, investment banks, hedge funds, real money investors, regulators and rating agencies), the involved instruments (ABS/RMBS, CDOs, SIV, leveraged loans, Leveraged Super Senior tranches, etc.), the strategies which caused the crisis or were affected by the meltdown (leveraged exposure to highly correlated risks), and risks that were underestimated (investors ignored the market risk that was involved with the leveraged bets). In the subsequent chapter -- which is split into three parts -- they will explain these important topics in more detail and highlight the infection and transmission mechanisms. As an example, they introduce the business and investment concepts of investment banks and hedge funds and how they were involved in the crisis. Moreover, they explain how structured credit products (such as ABS, CDOs and SIVs) work and how they were used in order to implement leveraged bets in the markets. Finally, they highlight how a financial crisis evolves and why certain financial institutions failed. In the epilogue, they conclude how markets manage a crisis and why the crisis may also be healthy for the stability of financial markets.

Turmoil in U.S. Credit Markets

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Author :
Publisher :
ISBN 13 :
Total Pages : 140 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis Turmoil in U.S. Credit Markets by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs

Download or read book Turmoil in U.S. Credit Markets written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2010 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Credit Market Turmoil

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Publisher :
ISBN 13 :
Total Pages : 512 pages
Book Rating : 4.:/5 (291 download)

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Book Synopsis Credit Market Turmoil by :

Download or read book Credit Market Turmoil written by and published by . This book was released on 2008 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Turmoil in the U.S. Credit Markets

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Author :
Publisher :
ISBN 13 :
Total Pages : 168 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis Turmoil in the U.S. Credit Markets by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs

Download or read book Turmoil in the U.S. Credit Markets written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2010 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Turmoil in U.S. Credit Markets

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Author :
Publisher :
ISBN 13 :
Total Pages : 88 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis Turmoil in U.S. Credit Markets by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs

Download or read book Turmoil in U.S. Credit Markets written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2010 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Turmoil in the U.S. Credit Markets

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Author :
Publisher :
ISBN 13 :
Total Pages : 168 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis Turmoil in the U.S. Credit Markets by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs

Download or read book Turmoil in the U.S. Credit Markets written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2010 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Crs Report for Congress

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Publisher : BiblioGov
ISBN 13 : 9781294249931
Total Pages : 26 pages
Book Rating : 4.2/5 (499 download)

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Book Synopsis Crs Report for Congress by : Congressional Research Service: The Libr

Download or read book Crs Report for Congress written by Congressional Research Service: The Libr and published by BiblioGov. This book was released on 2013-11 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: A large and relatively unimpeded flow of credit through healthy financial markets is a salient attribute of the U.S. economy and any well functioning modern economy. Banks and other financial institutions channel the economy's savings toward a variety of current productive uses. By borrowing short-term and lending long-term, these institutions create a flow of credit that passes liquidity from savers to investors, and transforms liquid short-run assets into less liquid long-term assets. These long-term assets are created by credit-financed, current spending by households on housing, consumer durables, and education, and current spending by businesses on new plant and equipment. Lending in credit markets requires confidence in the borrowers ability to repay the debt (principal and interest) in full and on schedule. The current turmoil in U.S. financial markets is the result of a breakdown in that necessary confidence. In an environment of distrust, financial institutions are far less willing and able to lend long-term. The move toward short-term lending diminishes the flow of long-term credit to the non-financial economy and dampens the economic activities of households and businesses that are dependent on borrowing. A reduced flow of credit will likely dampen economic activity that is dependent on such borrowing as ...

Credit Risk Management In and Out of the Financial Crisis

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Publisher : John Wiley & Sons
ISBN 13 : 0470622369
Total Pages : 373 pages
Book Rating : 4.4/5 (76 download)

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Book Synopsis Credit Risk Management In and Out of the Financial Crisis by : Anthony Saunders

Download or read book Credit Risk Management In and Out of the Financial Crisis written by Anthony Saunders and published by John Wiley & Sons. This book was released on 2010-04-16 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: A classic book on credit risk management is updated to reflect the current economic crisis Credit Risk Management In and Out of the Financial Crisis dissects the 2007-2008 credit crisis and provides solutions for professionals looking to better manage risk through modeling and new technology. This book is a complete update to Credit Risk Measurement: New Approaches to Value at Risk and Other Paradigms, reflecting events stemming from the recent credit crisis. Authors Anthony Saunders and Linda Allen address everything from the implications of new regulations to how the new rules will change everyday activity in the finance industry. They also provide techniques for modeling-credit scoring, structural, and reduced form models-while offering sound advice for stress testing credit risk models and when to accept or reject loans. Breaks down the latest credit risk measurement and modeling techniques and simplifies many of the technical and analytical details surrounding them Concentrates on the underlying economics to objectively evaluate new models Includes new chapters on how to prevent another crisis from occurring Understanding credit risk measurement is now more important than ever. Credit Risk Management In and Out of the Financial Crisis will solidify your knowledge of this dynamic discipline.

Turmoil in U.S. Credit Markets

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Publisher :
ISBN 13 :
Total Pages : 152 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis Turmoil in U.S. Credit Markets by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs

Download or read book Turmoil in U.S. Credit Markets written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2010 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Market Turmoil and U.S. Macroeconomic Performance

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Financial Market Turmoil and U.S. Macroeconomic Performance by :

Download or read book Financial Market Turmoil and U.S. Macroeconomic Performance written by and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A number of indicators have pointed to a substantial rise in the cost of credit and a decrease in the flow of credit to the broader economy. [...] The second type of policy measure for responding to a credit crisis is the Fed's traditional role of "lender of last resort," typically involving some expanded use of the Fed's discount window, the facility the Fed uses to make short term loans to banks that need to bridge a short-run shortage of liquidity. [...] The breakdown of confidence in U. S. financial markets is an outgrowth of the end of the housing boom in 2006 and the subsequent fall of home prices. [...] Because of the wide distribution and complex structure of many MBSs it became very difficult for a potential lender to confidently appraise the quality of assets on the balance sheet of potential borrowers and the risk of the borrower defaulting on the loan. [...] Further, because of the substantial interdependence of the global financial system, a coordinated policy response by the affected countries could be needed.2 Evidence of Tighter Credit Conditions In 2007 and 2008, a number of indicators pointed to a substantial rise in the cost of credit and a decrease in the flow of credit to the non-financial sectors of the U. S. economy.

Anatomy of a Financial Crisis

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Publisher : Springer
ISBN 13 : 0230106188
Total Pages : 198 pages
Book Rating : 4.2/5 (31 download)

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Book Synopsis Anatomy of a Financial Crisis by : M. Jarsulic

Download or read book Anatomy of a Financial Crisis written by M. Jarsulic and published by Springer. This book was released on 2010-03-29 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: An indepth look at the origins and development of the current financial crisis, from an economist and Washington insider. Jarsulic explains how a wide array of financial institutions, including mortgage banks, commercial banks, and investment banks created a credit bubble that supported nonprime mortgage lending and helped to inflate house prices.

International Responses to Issues of Credit and Over-indebtedness in the Wake of Crisis

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Author :
Publisher : Routledge
ISBN 13 : 1317113748
Total Pages : 273 pages
Book Rating : 4.3/5 (171 download)

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Book Synopsis International Responses to Issues of Credit and Over-indebtedness in the Wake of Crisis by : Therese Wilson

Download or read book International Responses to Issues of Credit and Over-indebtedness in the Wake of Crisis written by Therese Wilson and published by Routledge. This book was released on 2016-04-22 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the political, economic and regulatory context in which credit regulation is taking place following the global financial crisis. It suggests that current neoliberal economic policies favour multi-national corporations rather than consumers and examines regulatory responses to the internationalization of consumer finance protection. Detailing how EU consumers have been affected by national economic conditions, the book also analyses the lending regimes of Europe, Australia, the US and South Africa and offers suggestions for responsible lending to avoid over-indebtedness and corrupt mortgage-lending. Finally, new approaches and directions for consumer credit regulations are outlined, such as protection for small businesses, protection against risky credit products, reorganization of mortgage securitization and the possibility of a partnership model to address financial exclusion. The book includes contributions from leading names in the field of consumer law and will be invaluable to those interested in banking, business and commercial law.

Financial Crisis, Bank Behaviour and Credit Crunch

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Author :
Publisher : Springer
ISBN 13 : 3319174134
Total Pages : 198 pages
Book Rating : 4.3/5 (191 download)

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Book Synopsis Financial Crisis, Bank Behaviour and Credit Crunch by : Stefania P.S. Rossi

Download or read book Financial Crisis, Bank Behaviour and Credit Crunch written by Stefania P.S. Rossi and published by Springer. This book was released on 2015-07-29 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: ​This book explores some relevant distortions and market failures in financial and banking markets caused by the recent financial crisis and offers important insights to policymakers as well. After having introduced the reader to the economic background behind the origin of the present financial turmoil, the book proposes a distinct angle to look at some macro and microeconomic aspects. The volume discusses whether and to what extent policies, implemented by governments and monetary authorities to countervail bank defaults and avoid a disastrous financial instability, have in some way determined opportunistic conducts (moral hazard), changes in banks’ behaviour, distortive incentives and market failures. Furthermore, the book offers a viewpoint on the effects of the evolution of regulation for the banking sector. Finally, the book assesses how the increase in the cost of funding and the shrinking in credit supply (credit crunch) has modified the financial structure of small and medium firms. To illustrate this, some specific cases at Italian regional level are examined.

From Your Wallets to Their Pockets

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Publisher : iUniverse
ISBN 13 : 1440108021
Total Pages : 202 pages
Book Rating : 4.4/5 (41 download)

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Book Synopsis From Your Wallets to Their Pockets by : Tony Pallante

Download or read book From Your Wallets to Their Pockets written by Tony Pallante and published by iUniverse. This book was released on 2008-11 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: From Your Wallets to Their Pockets shares an easy-to-understand insider's point of view of the complex mortgage industry while providing a comprehensive explanation about the key players, how they collaborate within credit markets, and why these interactions have created both current and future painful financial crises. Tony Pallante, CEO of Performance Capital Services, possesses more than twenty-five years of experience as a consultant and executive who helps financial organizations in strategic development and execution. In his educational reference manual tailored for the average consumer, Pallante offers a brief history of the mortgage market, basic information about products and descriptions, a glossary of industry terms, and in conclusion, connects the pieces of the puzzle by sharing his insight into the very real problems that the current colossal financial sinkhole has created for consumers, including historically high foreclosure rates, depreciating home values, and dwindling access to credit. From Your Wallets to Their Pockets explores a vast range of topics of the utmost interest to industry participants, policy makers, and the American taxpayer, ultimately exposing the hidden truths within an industry that has caused financial mayhem across global economies.

The Coming Bond Market Collapse

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Publisher : John Wiley & Sons
ISBN 13 : 1118457080
Total Pages : 320 pages
Book Rating : 4.1/5 (184 download)

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Book Synopsis The Coming Bond Market Collapse by : Michael G. Pento

Download or read book The Coming Bond Market Collapse written by Michael G. Pento and published by John Wiley & Sons. This book was released on 2013-04-22 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The coming financial apocalypse and what government and individuals can do to insulate themselves against the worst shocks In this controversial book a noted adherent of Austrian School of Economics theories advances the thesis that the United States is fast approaching the end stage of the biggest asset bubble in history. He describes how the bursting of the bubble will cause a massive interest rate shock that will send the US consumer economy and the US government—pumped up by massive Treasury debt—into bankruptcy, an event that will send shockwaves throughout the global economy. Michael Pento examines how policies followed by both the Federal Reserve and private industry have contributed to the impending interest rate disaster and highlights the similarities between the US and European debt crisis. But the book isn't all doom and gloom. Pento also provides well-reasoned solutions that, government, industry and individuals can take to insulate themselves against the coming crisis. Paints an alarmingly vivid picture of the massive interest rate shock which soon will send consumers and the government into bankruptcy Backed by a wealth of historical and economic data, Pento explains how the bubble was created and what the U.S. can do to mitigate the impending crisis Provides investors with sound strategies for protecting themselves and their assets against the coming financial apocalypse Explains why retirees, in particular, will be at risk as real estate prices decline, pensions weaken, and the bond bubble bursts