The rise and fall of the U.S. mortgage and credit markets

a comprehensive analysis of the market meltdown

The mortgage meltdown: what went wrong and how do we fix it? Owning a home can bestow a sense of security and independence. But today, in a cruel twist, many Americans now regard their homes as a source of worry and dashed expectations. How did ...

The fear factor

what happens when fear grips Wall Street

This book engages the reader in a fascinating discussion of the role played by fear in financial market panics. Professor Colin Read demonstrates, in easy-to-understand terms, that rising market fear portends to major financial declines. He discusses the science and the economics of fear and ...

And then the roof caved in

how Wall Street´s greed and stupidity brought capitalism to its knees

CNBC's David Faber takes an in-depth look at the causes and consequences of the recent financial collapse. "And Then the Roof Caved In" lays bare the truth of the credit crisis, whose defining emotion at every turn has been greed, and whose defining failure ...

Busted

life inside the great mortgage meltdown

This is the story of the fiasco that sank millions of Americans, including one journalist, who thought he knew better. A "The New York Times" economics reporter, Edmund L. Andrews was intimately aware of the dangers posed by easy mortgages. But, eager to start a ...

Our lot

how real estate came to own us

Our Lot tells how an entire nation got swept up in real estate mania, and it casts the business story - the collapse of the mortgage markets and its global impact on the economy - as the product of a decades-long project of social engineering by the ...

Foreclosure nation

mortgaging the american dream

The family residence is the backbone of the American economy, the most valuable and enduring asset for those who have achieved a financial foothold. Yet today record numbers of households confront foreclosure. In the next year it is estimated that over two million Americans will ...

Promotores de la crisis

La obra analiza en profundidad la quiebra sistemática del sector inmobiliario, el hundimiento de la construcción y de los sectores auxiliares, las bajadas acentuadas del precio de la vivienda, el desplome de la inversión y el consumo...y el terrible impacto que todo esto ha ...

Foundations of banking risk

an overview of banking, banking risks and risk-based banking regulation

GARP's "Foundations of Banking Risk and Regulation" introduces risk professionals to the advanced components and terminology in banking risk and regulation globally. It helps them develop an understanding of the methods for the measurement and management of credit risk and operational risk, and the ...

Stress-testing the banking system

methodologies and apllications

Ed. Mario Quagliariello. Stress tests are used in risk management by banks in order to determine how certain crisis scenarios would affect the value of their portfolios, and by public authorities for financial stability purposes. Until the first half of 2007, interest in stress-testing was ...

Market consistency

model calibration in imperfect markets

Achieving market consistency can be challenging, even for the most established finance practitioners. In "Market Consistency: Model Calibration in Imperfect Markets", leading expert Malcolm Kemp shows readers how they can best incorporate market consistency across all disciplines. Building on the author's experience as a ...

Crónica de una crisis anunciada

Crónica de una Crisis Anunciada es el relato de una de las mayores crisis económica, financiera, social y de valores de nuestro tiempo. Con un lenguaje ameno y directo y con la autoridad propia del gurú que anticipó en la blogosfera lo que parecía inevitable ...

Risk and financial catastrophe

Risk and Financial Catastrophe presents an in-depth discussion of the nature and consequences of financial disasters and the pragmatic solutions that must be considered in order to cope with such crises in the future. This highly topical book tackles technical issues in a readable, non-mathematical ...

Regulation of banks and finance

theory and policy after the credit crisis

As the financial crisis engulfs the world economy, there is an ambitious agenda for regulatory reform in parliaments and government agencies. This book provides a multidisciplinary approach using economics, finance and the literature on law and economics, to illuminate past and present banking and financial ...

La reforma del mercado hipotecario

y otras medidas financieras en el contexto de la crisis económica

Coords. Esther Muñiz Espada, Sergio Nasarre Aznar, Elena Sánchez Jordán. INDICE:PRÓLOGO, por Francisco Cabrillo Rodríguez, Catedrático de Economía Aplicada, Universidad Complutense de Madrid y Presidente del Consejo Económico y Social de la Comunidad de Madrid. PRESENTACIÓN, por Esther Muñiz Espada, Sergio Nasarre Aznar y ...

The housing boom and bust

The inimitable Thomas Sowell casts a critical eye at the bubble that shattered the world economy - a cautionary tale that will be sure to spark controversy. Scary headlines and scarier statistics tell the story of a financial crisis on a scale not seen in decades ...

Prudent lending restored

securitization after the mortgage meltdown

Eds. Yasuyuki Fuchita, Richard J. Herring, Robert E. Litan. Once heralded as a financial innovation to diversify risk and enable Wall Street to finance Main Street, securitization helped create the subprime mortgage meltdown of 2006. In this implosion, debt was absorbed by a concentrated group ...

The new paradigm for financial markets

the credit crisis of 2007 and what it means

In the midst of the most serious financial upheaval since the Great Depression, legendary financier George Soros explores the origins of the crisis and its implications for the future. Soros, whose breadth of experience in financial markets is unrivaled, places the current crisis in the ...

The rating agencies and their credit ratings

what they are, how they work, and why they are relevant

Credit rating agencies play a critical role in capital markets, guiding the asset allocation of institutional investors as private capital moves freely around the world in search of the best trade-off between risk and return. However, they have also been strongly criticized for failing to ...

Conversations with practitioners

the chanllenges of market-led microfinance

This book presents a set of edited interviews with the CEOs and product champions of some of the leading microfinance institutions in sub- Saharan Africa, as well as some of the leading thinkers and writers on commercial microfinance internationally. A rare insight into the issues ...

Credit risk

models, derivatives, and management

This volume illustrates how a risk management system can be implemented through an understanding of portfolio credit risks, a set of suitable models, and the derivation of reliable empirical results. It focuses on the application of new products in the financial services industry and the ...