Results 51 to 60 of about 10,959 (205)
Fiscal Opacity and Lack of Consensus in Expectations for External Sector Variables
International Finance, EarlyView.ABSTRACT Fiscal transparency is essential for the expectations formation process, as governmental fiscal opacity often leads to forecast errors due to insufficient information. This study examines the relationship between fiscal unpredictability, particularly related to the primary budget, and the lack of consensus in expectations for external sector ...
Gabriel Caldas Montes +2 more
wiley +1 more source
Profit and Risk under Subprime Mortgage Securitization
Discrete Dynamics in Nature and Society, 2011 We investigate the securitization of subprime residential mortgage loans into structured products such as subprime residential mortgage-backed securities (RMBSs) and collateralized debt obligations (CDOs).
M. A. Petersen +4 more
doaj +1 more source
FinTech Lending and Cashless Payments
The Journal of Finance, EarlyView.ABSTRACT Borrowers' use of cashless payments improves their access to capital from FinTech lenders and predicts a lower probability of default. These relationships are stronger for cashless technologies providing more precise information, and for outflows. Cashless payment usage complements other signals of borrower quality.
PULAK GHOSH, BORIS VALLEE, YAO ZENG
wiley +1 more source
Lessons from the Subprime Meltdown [PDF]
Challenge, 2007 This paper uses Hyman P. Minsky's approach to analyze the current international financial crisis that was initiated by problems in the U.S. real estate market. In a 1987 manuscript, Minsky had already recognized the importance of the trend toward securitization of home mortgages.
openaire +3 more sources
Credit Booms and Lending Standards: Evidence from the Subprime Mortgage Market
Social Science Research Network, 2008 This paper studies the relationship between the recent boom and current delinquencies in the subprime mortgage market. Specifically, we analyze the extent to which this relationship can be explained by a decrease in lending standards that is unrelated to
Giovanni Dell'Ariccia +2 more
semanticscholar +1 more source
Monetary Policy, Inflation, and Crises: Evidence from History and Administrative Data
The Journal of Finance, EarlyView.ABSTRACT We show that a U‐shaped monetary rate path increases banking crisis risk, via credit and asset price cycles, analyzing 17 countries over 150 years. Rate hikes (raw or instrumented) increase crisis risk, but only if preceded by prolonged cuts. These patterns are unique to banking crises, unlike noncrisis recessions.
GABRIEL JIMÉNEZ +3 more
wiley +1 more source
Are risk disclosures in financial reports informative? A text mining-based perspective
Humanities & Social Sciences CommunicationsThis paper studies whether the risk factors disclosed in financial reports are as informative as SEC requires. The subprime crisis is used as a typical real-risk event to test their informativeness by text mining methods.
Xiaoqian Zhu, Jianping Li, Yinghui Wang
doaj +1 more source
Being Naked - et Quo hinc?: Developing a ‘Skin-in-the-Game’ Solution for Credit Default Swaps
International Journal of Financial Studies, 2022 A credit default swap (CDS) is a derivative financial instrument that provides insurance against credit risk. CDSs on subprime Asset Backed Securities (ABSs) paved the way for securitizers to hedge the credit risk of the underlying subprime loans during ...
Shanuka Senarath +4 more
doaj +1 more source
Geneza kryzysu hipotecznego w USA z perspektywy dekady
Ruch Prawniczy, Ekonomiczny i Socjologiczny, 2016 Kryzys finansowy, który rozpoczął się w 2007 r. w USA, zwany jest również kryzysem hipotecznym lub kryzysem subprime (subprime mortgage crisis). Nosił on znamiona tzw. kryzysu kredytowego.
Hanna Kołodziejczyk
doaj +1 more source
Stuck in Subprime? Examining the Barriers to Refinancing Mortgage Debt
Housing Policy Debate, 2018 Despite falling interest rates and federal policy intervention, many borrowers who could financially gain from refinancing have not done so. We investigate the rates at which, relative to prime borrowers, subprime borrowers seek and take out refinance ...
Lauren Lambie‐Hanson, C. Reid
semanticscholar +1 more source