Yasuyuki (Hrsg.) Fuchita

Prudent Lending Restored: Securitization After the Mortgage Meltdown

Buch

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 of financial entities, and in 2008 credit markets consequently froze. So why were securities backed by subprime debt

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Produktdetails

Weitere Autoren: Herring, Richard J. (Hrsg.) / Litan, Robert E. (Hrsg.)

ISBN: 978-0-8157-0336-5
EAN: 9780815703365
Produktnummer: 22238650
Verlag: Brookings Inst
Sprache: Englisch
Erscheinungsjahr: 2009
Seitenangabe: 326 S.
Masse: H22.4 cm x B15.0 cm x D2.5 cm 454 g
Gewicht: 454

Über den Autor

Yasuyuki Fuchita is senior managing director at the Nomura Institute of Capital Markets Research in Tokyo. He is coeditor, with Robert Litan, of Pooling Money (Brookings, 2008) and New Financial Instruments and Institutions (Brookings, 2007).Richard J. Herring is the Jacob Safra Professor of International Banking and professor of finance at the Wharton School, University of Pennsylvania, where he is also codirector of the Wharton Financial Institutions Center.Robert E. Litan is a senior fellow in Economic Studies at the Brookings Institution and vice president for research and policy at the Kauffman Foundation. Among his books is Good Capitalism, Bad Capitalism, and the Economics of Growth Prosperity (Yale, 2007), written with William J. Baumol and Carl J. Schramm.