Results 171 to 180 of about 27,612 (205)

Model Stability and the Subprime Mortgage Crisis

The Journal of Real Estate Finance and Economics, 2010
We study the potential model instability problem with respect to mortgage default risk and examine to what extent it helps explain the default shock during the recent crisis. We find that econometric default risk models based on historical data can be unstable over time.
An, X., Deng, Y., Rosenblatt, E., Yao, V.W.   +3 more
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subprime mortgage crisis, the

2011
A subprime mortgage loan is a residential mortgage loan that is particularly risky for some reason. The elevated risk may stem from the credit history of the borrower, the lack of a large down payment, or a monthly payment that is large relative to the borrower’s income (see Chapter 2 of Muolo and Padilla (2010) for a history of subprime residential ...
Christopher L. Foote, Paul S. Willen
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The subprime mortgages crisis and Islamic securitization

International Journal of Islamic and Middle Eastern Finance and Management, 2010
PurposeThe purpose of this paper is to provide an insight of Islamic securitization based on sukuk structures.Design/methodology/approachDescriptive, analytical, and comparative analyses are used to discuss the risk‐sharing behaviour in Islamic securitization through different structures of mudharabah and musharakah sukuk derived from asset ...
Karmila Hanim Kamil, Marliana Abdullah, Shahida Shahimi, Abdul Ghafar Ismail   +3 more
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Securitization and the subprime mortgage crisis

Journal of Post Keynesian Economics, 2013
Since the outbreak of the subprime mortgage crisis, the benefits of securitization have started to be questioned. Originally, securitization was meant to improve the efficiency of capital markets by reducing risks through risk tiering and geographic diversification. It has also been considered to have contributed to a reduction in transaction costs and
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Subprime Mortgage Market and Current Financial Crisis

2009
The prevalent view is that the current credit crisis has its origin in the bust of the housing bubble. But what is missing from this view is that the finance of a bubble is only possible through a corresponding increase in credit — no credit, no bubble. Thus at the heart of the current woes lies the excessive liquidity that was put in place in the last
Philip Arestis, Elias Karakitsos
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Subprime Mortgage Market- Hidden Causes of Crisis

2013
Since the crisis is not solved by removing consequences for its causes, the background paper is in the discovery and analysis of direct and indirect causes of the current crisis to deepen understanding, thereby reducing the likelihood of the outbreak of new crises in the future.
Zarevac, Milica, Lakicevic, Marija, Zarevac, Milica, Lakicevic, Marija   +3 more
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BALANCE SHEET ECONOMICS OF THE SUBPRIME MORTGAGE CRISIS

Economic Systems Research, 2011
As Copeland (1947; 1952) demonstrated with his money-flows accounts more than half a century ago, the balance sheets of economic entities are closely interrelated through a lender–borrower relationship. This paper is an attempt to describe the US subprime mortgage crisis in the framework of ‘balance sheet economics’, which was originally proposed by ...
Masako Tsujimura, Kazusuke Tsujimura
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ARMs, Not Subprimes, Caused the Mortgage Crisis

The Economists' Voice, 2009
Stan Liebowitz of UT Dallas argues that the conventional wisdom on the crisis is not fact based.
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SIVs, Bank Leverage and Subprime Mortgage Crisis

SSRN Electronic Journal, 2008
This paper explores the structure of SIVs and by exploring how they can be made off-balance-sheet but are being taken back on balance sheet under several conditions, illustrates the GAAP rules failed to capture the economic substance of certain financial transactions and associated implications in the context of recentfinancial crisis.
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Optimal mortgage loan securitization and the subprime crisis

Optimization Letters, 2009
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Mukuddem-Petersen, J., Mulaudzi, M. P., Petersen, Mark Adam, Schoeman, I. M.   +3 more
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