Subprime’s unfolding saga
Long Title: The Panglossian World of Finance Teaser: What easy money brought forth in the new century, tight credit will take away in the years to come. Here one of France’s leading economists...
View ArticleVox's first book: The first global financial crisis of the 21st century
Teaser: Carmen Reinhart talks to Romesh Vaitilingam about Vox's first book, which brings together key columns on subprime and the continuing turmoil in financial markets. She recalls Charles...
View ArticleTaxing financial pollution: Mandatory liquidity charges
Long Title: Liquidity insurance Teaser: Correlated liquidity risks caused subprime mortgage problems to spread widely and sow panic that led to the credit crisis. This column proposes a mandatory...
View ArticleLiquidity insurance for systemic crises
Teaser: In this new Policy Insight Enrico Perotti and Javier Suarez explain how a liquidity and capital insurance arrangement could provide emergency liquidity (and perhaps capital) and protect the...
View ArticleLiquidity Risk Charges as a Macroprudential Tool
Teaser: Liquidity risk charges were proposed in February 2009 as a new macro-prudential tool to discourage systemic risk creation by banks. CEPR Policy Insight No. 40 refines this proposal in order to...
View ArticleHousehold debt and macroeconomic fluctuations
Long Title: Household debt and macroeconomic fluctuations Teaser: US Congressional committees are now grilling bankers on the complex instruments that provided subprime mortgages with a veil of...
View ArticleDid the mortgage credit boom contribute to the decline in US racial segregation?
Long Title: Did the mortgage credit boom contribute to the decline in US racial segregation? Teaser: Did the rise in subprime mortgages – predominantly to black and Hispanic borrowers – lead to a fall...
View ArticleMacro heresy: Rethinking policy options to avoid a lost decade
Long Title: Solving the macroeconomic policy challenge in Europe Teaser: Five years after the subprime bubble burst, the self-correcting nature of business cycles is being questioned and,...
View ArticleDistorted beliefs and the financial sector
Long Title: Distorted beliefs and the financial sector Teaser: The subprime crisis narrative focuses on incentives: ‘they knew it was risky, but didn’t care’. This column argues in favour of a more...
View ArticleCongressional influence as a determinant of subprime lending
Long Title: Congressional influence as a determinant of subprime lending Teaser: A relatively unforeseen implosion in housing markets figured prominently in the 2007 meltdown in capital markets and...
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