Unravelling the Credit Crunch

ISBN: 9781138426221 出版年：2009 页码：322 Murphy, David CRC Press

Introduction What Happened? U.S. Residential Property: The Crunch Begins Old- and New-Style Banking What Happened in the Markets: The Second Stage Apres Lehman le Deluge: The Third Stage Understanding the Slime: U.S. Residential Mortgages Mortgage Structures and Borrowers How Mortgages Were Made Mortgage Lending during the Greenspan Boom A Story of the ODM: Countrywide Financial Financial Assets and Their Prices Securities Markets and Prices The Liquidity of Financial Assets What's in It for Me? Liquidity and Central Banks The Basis of Old-Style Banking Liability Liquidity Central Banks Central Bank Policy in a Crunch A Tale of Two Central Banks A Twenty-First Century Run: Northern Rock The Crash of 1929 and Its Legacy The Crash of 1929 and the Great Depression Political Reactions The New Deal The RFC and Other Rescuers The Evolution of Freddie and Fannie Securitization, Tranching, and Financial Modeling Securitization The Securitization of Subprime Mortgages Models and Hedging Model Risk Where Did It All Go Wrong? The Write-downs The Legacy Fails: Fannie, Freddie, and the Broker/Dealers in 2008 The Growth, Distress, and Rescue of Fannie Mae and Freddie Mac Financial Services Modernization in the 1990s The End of the Broker/Dealer Lessons from the Failure of the Broker/Dealer Model Compensating Controls Structured Finance Credit Derivatives ABS in Structured Finance Structured Finance in the Boom Years Insurance in Form and Name The Rescue of AIG Off Balance Sheet Funding Municipal Finance and the Monolines Municipal Finance The Monolines Do Structured Finance Insurers and Finance: A Toxic Mix? Auction Rate Securities The Rules of the Game: Accounting and Regulation Accounting and Why It Matters Regulation and Regulatory Capital The Consequences of Basel 2 Regulation away from Basel Understanding Earnings Japan's Lost Decade A Comparative Anatomy of Financial Crises Changes and Consequences Transmission The Provision of Credit to the Broad Economy What Worked and What Didn't Central Banks, Regulators, and Accountants Experimental Finance The Financial System from 2009 Index