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Lessons from the Financial Crisis
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Author(s):
Robert W. Kolb
Publication date
(Print):
May 24 2010
Publisher:
John Wiley & Sons, Inc.
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ISBN (Electronic):
9781118266588
ISBN (Print):
9780470561775
Publication date (Print):
May 24 2010
DOI:
10.1002/9781118266588
SO-VID:
f6b77ecd-8154-40d5-a6c9-f17e36f207c0
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Book chapters
pp. i
Front Matter
pp. 1
Leverage and Liberal Democracy
pp. 9
A Property Economics Explanation of the Global Financial Crisis
pp. 17
Of Subprimes and Sundry Symptoms: The Political Economy of the Financial Crisis
pp. 23
The Political Economy of the Financial Crisis of 2008
pp. 31
The Global Financial Crisis of 2008: What Went Wrong?
pp. 37
The Roots of the Crisis and How to Bring It to a Close
pp. 43
Enron Rerun: The Credit Crisis in Three Easy Pieces
pp. 51
The Global Crisis and Its Origins
pp. 59
Four Paradoxes of the 2008-2009 Economic and Financial Crisis
pp. 69
Understanding the Subprime Financial Crisis
pp. 77
The Origins of the Financial Crisis
pp. 87
Ten Myths About Subprime Mortgages
pp. 95
The Financial Crisis: How Did We Get Here and Where Do We Go Next? New Evidence on How the Crisis Spread Among Financial Institutions
pp. 103
A Decade of Living Dangerously: The Causes and Consequences of the Mortgage, Financial, and Economic Crises
pp. 109
Making Sense of the Subprime Crisis
pp. 119
Miraculous Financial Engineering Or Legacy Assets?
pp. 125
The Making and Ending of the Financial Crisis of 2007-2009
pp. 133
The Subprime Mortgage Problem: Causes and Likely Cure
pp. 139
Sequence of Asset Bubbles and the Global Financial Crisis
pp. 147
The Past, Present, and Future of Subprime Mortgages
pp. 155
Fha Loans and Policy Responses to Credit Availability
pp. 163
The Single-Family Mortgage Industry in the Internet Era: Technology Developments and Market Structure
pp. 175
Speed Kills? Mortgage Credit Boom and the Crisis
pp. 181
Subprime Mortgages: What We have Learned from a New Class of Homeowners
pp. 191
Rating Agencies: Facilitators of Predatory Lending in the Subprime Market
pp. 197
A Primer on the Role of Securitization in the Credit Market Crisis of 2007
pp. 209
Incentives in the Originate-to-Distribute Model of Mortgage Production
pp. 217
Did Securitization Lead to Lax Screening? Evidence from Subprime Loans
pp. 225
Tumbling Tower of Babel: Subprime Securitization and the Credit Crisis
pp. 231
The Incentives of Mortgage Servicers and Designing Loan Modifications to Address the Mortgage Crisis
pp. 239
The Contribution of Structured Finance to the Financial Crisis: An Introductory Overview
pp. 247
Problematic Practices of Credit Rating Agencies: The Neglected Risks of Mortgage-Backed Securities
pp. 259
Did Asset Complexity Trigger Ratings Bias?
pp. 267
The Pitfalls of Originate-to-Distribute in Bank Lending
pp. 275
Behavioral Basis of the Financial Crisis
pp. 283
Risk Management Failures During the Financial Crisis
pp. 293
The Outsourcing of Financial Regulation to Risk Models
pp. 301
The Future of Risk Modeling
pp. 307
What Happened to Risk Management During the 2008-2009 Financial Crisis?
pp. 317
Risk Management Lessons from the Global Financial Crisis for Derivative Exchanges
pp. 325
Regulation and Financial Stability in the Age of Turbulence
pp. 337
The Financial Crisis of 2007-2009: Missing Financial Regulation Or Absentee Regulators?
pp. 345
The Demise of the United Kingdom's Northern Rock and Large U.S. Financial Institutions: Public Policy Lessons
pp. 355
Why Securities Regulation Failed to Prevent the Cdo Meltdown
pp. 361
Curbing Optimism in Managerial Estimates Through Transparent Accounting: The Case of Securitizations
pp. 369
Basel II Put on Trial: What Role in the Financial Crisis?
pp. 377
Credit Rating Organizations, Their Role in the Current Calamity, and Future Prospects for Reform
pp. 383
Global Regulation for Global Markets?
pp. 391
Financial Regulation, Behavioral Finance, and the Global Financial Crisis: In Search of a New Regulatory Model
pp. 401
Why Financial Conglomerates Are at the Center of the Financial Crisis
pp. 411
Corporate Governance and the Financial Crisis: A Case Study from the S&P 500
pp. 419
Secondary-Management Conflicts
pp. 427
The Financial Crisis and the Systemic Failure of Academic Economics
pp. 437
Fannie Mae and Freddie Mac: Privatizing Profit and Socializing Loss
pp. 443
Disclosure's Failure in the Subprime Mortgage Crisis
pp. 451
Federal Reserve Policy and the Housing Bubble
pp. 461
The Greenspan and Bernanke Federal Reserve Roles in the Financial Crisis
pp. 467
The Risk Management Approach to Monetary Policy: Lessons from the Financial Crisis of 2007-2009
pp. 475
Reawakening the Inflationary Monster: U.S. Monetary Policy and the Federal Reserve
pp. 483
The Transformation of the Federal Reserve System Balance Sheet and Its Implications
pp. 493
Systemic Risk and Markets
pp. 501
The Transmission of Liquidity Shocks During the Crisis: Ongoing Research into the Transmission of Liquidity Shock Suggests the Emergence of a Range of New Channels During the Credit Crisis
pp. 509
Credit Contagion from Counterparty Risk
pp. 517
Only in America? When Housing Boom Turns to Bust
pp. 525
The Equity Risk Premium Amid a Global Financial Crisis
pp. 537
Australia's Experience in the Global Financial Crisis
pp. 545
Collapse of a Financial System: An Icelandic Saga
pp. 551
Iceland's Banking Sector and the Political Economy of Crisis
pp. 559
The Subprime Crisis: Implications for Emerging Markets
pp. 569
The Long-Term Cost of the Financial Crisis
pp. 579
Coping with the Financial Crisis: Illiquidity and the Role of Government Intervention
pp. 587
Fiscal Policy for the Crisis
pp. 595
The Future of Securitization
pp. 601
Modification of Mortgages in Bankruptcy
pp. 609
The Shadow Bankruptcy System
pp. 617
Reregulating Fannie Mae and Freddie Mac
pp. 625
Would Greater Regulation of Hedge Funds Reduce Systemic Risk?
pp. 633
Regulating Credit Default Swaps
pp. 641
Index
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