Financial Boom and Gloom - The Credit and Banking Crisis of 2007-2009 and Beyond

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.

List of contents

Preface PART I: CREDIT CRUNCH ASHES AND PAINS The Mismanagement of Credit Risk The Fed Has Got It Wrong The Globalization of Credit Risk PART 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 PART 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 Index

About the author

Dimitris N. Chorafas served on the faculty of the Catholic University of America and as Visiting Professor at Washington State University, George Washington University, University of Vermont, University of Florida, and Georgia Institute of Technology in the United States, as well as the University of Alberta, Technical University of Karlsruhe, Ecole d'Etudes Industrielles de l'Université de Genève, Ecole Polytechnic Fédérale de Lausanne, Polish Academy of Sciences and Russian Academy of Sciences. More than 8,000 banking, industrial and government executives participated in his seminars in the United States, England, Germany, Italy, other European countries, Asia and Latin America. Chorafas is the author of 160 books, translated into several languages world-wide.

Summary

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.

Product details

• Authors: D Chorafas, D. Chorafas, Dimitris N. Chorafas
• Publisher: Springer Palgrave Macmillan
• Languages: English
• Product format: Paperback / Softback
• Released: 01.01.2016
• EAN: 9781349367634
• ISBN: 978-1-349-36763-4
• No. of pages: 280
• Dimensions: 140 mm x 216 mm x 16 mm
• Weight: 384 g
• Illustrations: XXII, 280 p. 6 illus.
• Series: Palgrave Macmillan Studies in Banking and Financial Institutions; Palgrave MacMillan Studies in; Palgrave Macmillan Studies in Banking and Financial Institutions
• Subjects: Social sciences, law, business > Business > Individual industrial sectors, branches; B, Accounting, Banking, macroeconomics, Financial Services, Accounting/Auditing, Macroeconomics and Monetary Economics, Macroeconomics/Monetary Economics//Financial Economics, Finance & accounting, Monetary Economics, Management accounting & bookkeeping, Bookkeeping, Palgrave Economics & Finance Collection, Banks and banking, bank;banking;banking crisis;Rating