Financial Boom And Gloom "The Credit And Banking Crisis Of 2007-2009 And Beyond"

The Credit And Banking Crisis Of 2007-2009 And Beyond

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Chorafas, Dimitris N.

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ISBN:9780230578111
Editorial: Palgrave
Fecha de la edición:2009
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Dimensiones: 0 cm x 0 cm
Nº Pág.:240
Idiomas:Ingles

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This title features a case study on Northern Rock; a comprehensive coverage of how and why credit risk escaped management control and supervisory watch; a down to earth explanation of CDOs, CDSs, their business opportunities and their risks; clear explanation of the difference between solvency and liquidity; and, practical examples on asset-backed commercial paper, structured investment vehicles, the carry trade and auction-rate securities, all of them very current themes. The credit and banking crisis which hit the western world in 2007/2008 has and will continue to have far-reaching after-effects. At their core are Collateralized Debt Obligations (CDOs) and Credit Default Swaos (CDSs), the main themes of this book.

Preface
Pt. I Credit Crunch Ashes and Pains
The Mismanagement of Credit Risk
The Fed Has Got It Wrong
The Globalization of Credit Risk
Pt. II The Subprimes Crisis
Earthquake in the Subprime Mortgage Market
The Industralization of Credit Risk
Leveraged Instruments, Their Credit Rating and Other Unorthodox Practices
Northern Rock. A Case Study on Failure of Prudential Supervision
Pt. III Bank Supervisors and Their Remit
Responsibilities of Financial Regulation
Solvency, Liquidity, Asset-backed Paper and the Carry Trade
Is There a Remedy to the Problems of Bank Supervision?
Glossary