See the Presentation
... calls. For instance, several German banks, over one weekend, cobbled together more than $11 billion to bailout IKB, a troubled German lender. According to Jochen Sanio, president of Bafin, that country’s financial regulator, the rescue was necessary to avoid “the worst banking crisis since 1931.” Th ...
... calls. For instance, several German banks, over one weekend, cobbled together more than $11 billion to bailout IKB, a troubled German lender. According to Jochen Sanio, president of Bafin, that country’s financial regulator, the rescue was necessary to avoid “the worst banking crisis since 1931.” Th ...
The Crisis through the Lens of History
... debt securities markets has tightened dramatically, not just for riskier low-grade borrowers but even for top-rated issuers and short-term securities, such as commercial paper, that are normally immune from such risks. Third, the drop in equity prices and residential property values has eroded house ...
... debt securities markets has tightened dramatically, not just for riskier low-grade borrowers but even for top-rated issuers and short-term securities, such as commercial paper, that are normally immune from such risks. Third, the drop in equity prices and residential property values has eroded house ...
This PDF is a selection from a published volume from... Bureau of Economic Research
... Takatoshi Ito suggests in his conclusions that the crises in Thailand, Indonesia, and Korea offer different types of “food for thought,” just as the region’s ethnic foods differ. While the spices may have been different in each case, it seems to me that these were just condiments on the same old dis ...
... Takatoshi Ito suggests in his conclusions that the crises in Thailand, Indonesia, and Korea offer different types of “food for thought,” just as the region’s ethnic foods differ. While the spices may have been different in each case, it seems to me that these were just condiments on the same old dis ...
Presentation by Mr. Christopher Towe, Deputy Director, Monetary
... Early action by supervisors to deal stressed institutions Develop contingency plans for dealing with potentially large stocks of impaired assets ...
... Early action by supervisors to deal stressed institutions Develop contingency plans for dealing with potentially large stocks of impaired assets ...
Key Role of Financial Sector in Economic Growth
... Interest rates on loans (in local currency) range from 7% to 17% across the Balkans, compared to 6% in the Eurozone ...
... Interest rates on loans (in local currency) range from 7% to 17% across the Balkans, compared to 6% in the Eurozone ...
Systemic indicators
... of long-term BBB-rated corporate bond spreads from their long-term average, in basis points. 3 Exponentially weighted five-year average real credit growth minus its 15-year rolling average, in percentage points. 4 Deviation of each variable from its one-sided long-term trend (that is, a trend determ ...
... of long-term BBB-rated corporate bond spreads from their long-term average, in basis points. 3 Exponentially weighted five-year average real credit growth minus its 15-year rolling average, in percentage points. 4 Deviation of each variable from its one-sided long-term trend (that is, a trend determ ...
a less than 1% probability of incurring defaults.
... problems responsible for the inaccurate ratings, including conflicts of interest that placed achieving market share and increased revenues ahead of ensuring accurate ratings. Between 2004 and 2007, Moody’s and S&P issued credit ratings for tens of thousands of U.S. residential mortgage backed securi ...
... problems responsible for the inaccurate ratings, including conflicts of interest that placed achieving market share and increased revenues ahead of ensuring accurate ratings. Between 2004 and 2007, Moody’s and S&P issued credit ratings for tens of thousands of U.S. residential mortgage backed securi ...
Economic Theory and the Current Economic Crisis
... B. Greenwald and J. E. Stiglitz, “Financial Market Imperfections and Business Cycles,” Quarterly Journal of Economics, 108(1), February 1993, pp. 77114. ...
... B. Greenwald and J. E. Stiglitz, “Financial Market Imperfections and Business Cycles,” Quarterly Journal of Economics, 108(1), February 1993, pp. 77114. ...
english,
... investment losses. These contracts allowed financial service firms and companies with adequate liquidity to take more complex risks which normally would have been avoided. Alan Greenspan, who spoke several times against imposing restrictions on the financial derivatives market, argued in 2003 in fro ...
... investment losses. These contracts allowed financial service firms and companies with adequate liquidity to take more complex risks which normally would have been avoided. Alan Greenspan, who spoke several times against imposing restrictions on the financial derivatives market, argued in 2003 in fro ...
here
... LAW AND CULTURE ORGANIZED BY TOM BAKER AND ANNELISE RILES This by invitation only workshop is a follow-up to a successful meeting on the same topic held at Penn Law School in November, 2009. The aim is to continue and deepen the conversation by 1) fostering a more serious interdisciplinary conversat ...
... LAW AND CULTURE ORGANIZED BY TOM BAKER AND ANNELISE RILES This by invitation only workshop is a follow-up to a successful meeting on the same topic held at Penn Law School in November, 2009. The aim is to continue and deepen the conversation by 1) fostering a more serious interdisciplinary conversat ...
New Century Financial - San Francisco State University
... New Century Financial Corporation was founded in 1995 by a trio of former managers at Option One Mortgage, including former Chief Executive Officer Brad. New Century Financial Corporation was a real estate investment trust that originated mortgage loans in the United States through its operating sub ...
... New Century Financial Corporation was founded in 1995 by a trio of former managers at Option One Mortgage, including former Chief Executive Officer Brad. New Century Financial Corporation was a real estate investment trust that originated mortgage loans in the United States through its operating sub ...