Prudent Lending Restored
Prudent Lending Restored
Par:Yasuyuki Fuchita,Richard J. Herring,Robert E. Litan
Publié le 2010-09-01 par Brookings Institution Press
There is little dispute that the mortgage meltdown of 2007, created by irresponsible lending and lax oversight, helped lead to the global financial crisis. Why were these securities backed by subprime debt so desirable to so many seemingly sophisticated investors? The answer lies in distorted incentives, opaque securitization structures and a willingness to believe that house prices would continue to rise indefinitely and the hope for super-normal returns. In Prudent Lending Restored experts from the United States, Europe, and Japan draw a timeline of key events along the road to our most recent recession. Providing an in-depth analysis of the causes of the subprime mortgage meltdown, they propose reforms, including a more simplified securitization process with emphasis on oversight to encourage more prudent lending. This timely volume—the collaboration between the Brookings Institution and the Nomura Institute of Capital Markets Research—argues that securitization can and should have a brighter future, and they lay out ways that will make that possible. Contributors: Jennifer E. Bethel (Babson College), Robert E. Eisenbeis (Federal Reserve Bank of Atlanta), Allen Ferrell (Havard Law School), Günter Franke (Konstanz University, Germany), Jack Guttentag (University of Pennsylvania), Gang Hu (Babson College), Tetsuya Kamiyama (Nomura Institute of Capital Markets Research, Tokyo), Kei Kodachi (NICMR), Jan P. Krahnen (Goethe University Frankfurt, Germany), Joseph R. Mason (Louisiana State University), Igor Roitburg (Default Mitigation Management LLC), and Eiichi Sekine (NICMR).
Ce livre a été classé à 10 par Google Books for mot-clé provence les sentiers du vertige.
ID de livre de Prudent Lending Restored's Les livres sont S60QFz34eVAC, Livre écrit parYasuyuki Fuchita,Richard J. Herring,Robert E. Litanavec ETAG "37MAv1xIk/M"
Livre publié par Brookings Institution Press depuis 2010-09-01 avoir ISBNs, ISBN 13 Code est 9780815703990 et ISBN 10 Code est 0815703996
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Livre qui ont "326 Pages" est Imprimée à BOOK dans la catégorieBusiness and Economics
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