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  1. Did the Basel process of capital regulation enhance the resiliency of European Banks?
    Published: 27 September 2018
    Publisher:  Bank of Finland, Helsinki

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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789523232402
    Other identifier:
    hdl: 10419/212424
    Series: Bank of Finland research discussion papers ; 2018, 16
    Subjects: Basler Akkord; Wirkungsanalyse; Bankrisiko; Systemrisiko; Risikomanagement; Coping-Strategie; Niedrigzinspolitik; Schätzung; Eurozone; Subprime-Krise; Finanzkrise; Schuldenkrise; Großbank; EU-Staaten
    Scope: 1 Online-Ressource (circa 50 Seiten), Illustrationen
  2. Information and credit cycles
    causes and consequences of financial instability
    Author: Silvo, Aino
    Published: 2018
    Publisher:  Suomen Pankki, Helsinki

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    Language: English
    Media type: Dissertation
    Format: Online
    ISBN: 9789523232280
    Other identifier:
    hdl: 10419/212985
    Series: Scientific monographs / Bank of Finland ; 52
    Subjects: Subprime-Krise; Kreditmarkt; Wohnungsmarkt; Unvollkommene Information; Marktversagen; Geldpolitik; Finanzmarktaufsicht; USA
    Scope: 1 Online-Ressource (circa 196 Seiten), Illustrationen
    Notes:

    Dissertation, University of Helsinki, 2018

  3. Cross-sectional patterns of mortgage debt during the housing boom
    evidence and implications
    Published: 2019
    Publisher:  Federal Reserve Bank of Cleveland, [Cleveland, OH]

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    Series: Working paper / Federal Reserve Bank of Cleveland ; 19, 19 (Oktober 2019)
    Subjects: Hypothek; Immobilienpreis; Konjunktur; Subprime-Krise; Finanzkrise; USA
    Scope: 1 Online-Ressource (circa 67 Seiten), Illustrationen
  4. Dos aplicaciones de la teoría cuantitativa
    Published: [2019]
    Publisher:  Universidad del CEMA, Buenos Aires, Argentina

    El propósito del ensayo es sistematizar, en la tradición de Friedman y Schwartz (1963), el análisis de dos recientes coyunturas monetarias: la crisis de las hipotecas sub-prime (EEUU 2008-2011) y la corrida contra las Lebac (Argentina 2018-2019).... more

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    El propósito del ensayo es sistematizar, en la tradición de Friedman y Schwartz (1963), el análisis de dos recientes coyunturas monetarias: la crisis de las hipotecas sub-prime (EEUU 2008-2011) y la corrida contra las Lebac (Argentina 2018-2019). Ambos casos son un buen ejemplo de la capacidad de desestabilización de fuerzas monetarias básicas, tales como cambios de la velocidad de circulación y el multiplicador monetario. En el primero, destacamos la agresiva política de la Reserva Federal como prestamista de última instancia. En el segundo, concluimos que a) la mayor parte del aumento del nivel de precios del período febrero 2018-febrero 2019 se debió a un aumento de la velocidad, y b) si el multiplicador no hubiera caído como lo hizo, la inflación del período habría sido bastante más alta. The purpose of the essay is to systematize, in the Friedman and Schwartz (1963) tradition, the analysis of two recent monetary crises: the sub-prime mortgage crisis (USA 2008-2011) and the run against the Lebac (Argentina 2018-2019). Both cases are good examples of the ability to destabilize of elementary monetary forces, such as changes in the velocity of circulation and the money multiplier. Regarding the first case, we highlight the aggressive role of the Federal Reserve as last resort lender. In the second, we conclude that a) most of the price level increase in the period February 2018-February 2019 was due to an increase in velocity, and b) if the multiplier had not fallen as it fell, inflation in the period would have been much higher.

     

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    Source: Union catalogues
    Language: Spanish
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/203840
    Series: Array ; nro. 700 (Agosto 2019)
    Subjects: Quantitätstheorie; Subprime-Krise; Währungskrise; USA; Argentinien
    Scope: 1 Online-Ressource (circa 19 Seiten)
  5. An IV Hazard Model of Loan Default with an Application to Subprime Mortgage Cohorts
    Published: December 2023
    Publisher:  National Bureau of Economic Research, Cambridge, Mass

    This paper develops a control-function methodology accounting for endogenous or mismeasured regressors in hazard models. I provide sufficient identifying assumptions and regularity conditions for the estimator to be consistent and asymptotically... more

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    This paper develops a control-function methodology accounting for endogenous or mismeasured regressors in hazard models. I provide sufficient identifying assumptions and regularity conditions for the estimator to be consistent and asymptotically normal. Applying my estimator to the subprime mortgage crisis, I quantify what caused the foreclosure rate to triple across the 2003-2007 subprime cohorts. To identify the elasticity of default with respect to housing prices, I use various home-price instruments including historical variation in home-price cyclicality. Loose credit played a significant role in the crisis, but much of the increase in defaults across cohorts was caused by home-price declines unrelated to lending standards, with a 10% decline in home prices increasing subprime mortgage default rates by 50%

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: NBER working paper series ; no. w32000
    Subjects: Wohnimmobilien; Immobilienpreis; Hypothek; Kreditrisiko; Subprime-Krise; Insolvenz; IV-Schätzung; USA; Instrumental Variables (IV) Estimation; Duration Analysis; Optimal Timing Strategies; Financial Crises; Banks; Depository Institutions; Micro Finance Institutions; Mortgages; Housing Supply and Markets; Government Policy
    Scope: 1 Online-Ressource, illustrations (black and white)
    Notes:

    Hardcopy version available to institutional subscribers

  6. Subprime facts
    what (we think) we know about the subprime crisis and what we don't
    Published: 30 May 2008
    Publisher:  Federal Reserve Bank of Boston, Boston, Mass.

    Using a variety of datasets, we document some basic facts about the current subprime crisis. Many of these facts are applicable to the crisis at a national level, while some illustrate problems relevant only to Massachusetts and New England. We... more

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    Using a variety of datasets, we document some basic facts about the current subprime crisis. Many of these facts are applicable to the crisis at a national level, while some illustrate problems relevant only to Massachusetts and New England. We conclude by discussing some outstanding questions about which the data, we believe, are not yet conclusive.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/59230
    Series: Public policy discussion papers / Federal Reserve Bank of Boston ; 08,2
    Subjects: Finanzkrise; Subprime-Krise; USA
    Scope: Online-Ressource, 56 S., Text, graph. Darst.
  7. Subprime outcomes
    risky mortgages, homeownership experiences, and foreclosures
    Published: 4 May 2008
    Publisher:  Federal Reserve Bank of Boston, Boston, Mass.

    This paper provides the first rigorous assessment of the homeownership experiences of subprime borrowers. We consider homeowners who used subprime mortgages to buy their homes, and estimate how often these borrowers end up in foreclosure. In order to... more

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    This paper provides the first rigorous assessment of the homeownership experiences of subprime borrowers. We consider homeowners who used subprime mortgages to buy their homes, and estimate how often these borrowers end up in foreclosure. In order to evaluate these issues, we analyze homeownership experiences in Massachusetts over the 19892007 period using a competing risks, proportional hazard framework. We present two main findings. First, homeownerships that begin with a subprime purchase mortgage end up in foreclosure almost 20 percent of the time, or more than 6 times as often as experiences that begin with prime purchase mortgages. Second, house price appreciation plays a dominant role in generating foreclosures. In fact, we attribute most of the dramatic rise in Massachusetts foreclosures during 2006 and 2007 to the decline in house prices that began in the summer of 2005.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/55625
    Series: Working paper series / Federal Reserve Bank of Boston ; 07,15
    Subjects: Finanzkrise; Subprime-Krise; Zwangsvollstreckung; Wohneigentum; Stadt; Massachusetts
    Scope: Online-Ressource, 62 S., Text, graph. Darst.
  8. Deconstructing Canada's housing markets
    finance, affordability urban sprawl
    Published: 2014
    Publisher:  OECD, Economics Dep., Paris

    House prices have increased significantly in Canada over the past decade, driving household debt and residential construction activity to historical highs. Although macro-prudential tightening has slowed the pace of household borrowing in the last... more

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    Universität Potsdam, Universitätsbibliothek
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    House prices have increased significantly in Canada over the past decade, driving household debt and residential construction activity to historical highs. Although macro-prudential tightening has slowed the pace of household borrowing in the last few years, house prices have continued to trend higher, and affordability remains a major challenge in urban centres. First-time home buyers must therefore spend more of their incomes to purchase a house and are vulnerable to future interest rate hikes. Overbuilding in the condominium sectors of some cities appears to be a source of risk, especially if a major price correction in these segments spills over into other markets. The country benefits from a sound and effective housing finance system, which performed well throughout the global financial crisis thanks to strong regulatory oversight and explicit government backing of the mortgage market. Nonetheless, the dominance of the crown corporation CMHC in the mortgage insurance market concentrates a significant amount of risk in public finances. Improving competitive conditions in the mortgage insurance market could help diversify these risks and reduce taxpayer contingent liabilities, while introducing coverage limits on loan losses would better align private and social interests. There may be a shortage of rental housing in several cities, especially in the range that low-income households can afford. Urban planning policies have resulted in low-density residential development which contributes to relatively high transport-related carbon emissions. Addressing these externalities requires stronger pricing signals for land development, road use, congestion and parking, combined with better integration of public transit planning. To prevent the marginalisation of low-income households, planning policies should support social mix and increase incentives for private-sector development of affordable housing. This Working Paper relates to the 2014 OECD Economic Review of Canada (www.oecd.org/eco/surveys/Canada).

     

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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    ECO/WKP(2014)41
    Series: OECD Economics Department working papers ; 1145
    Subjects: Immobilienfinanzierung; Kreditmarkt; Hypothek; Verbriefung; Landnutzung; Subprime-Krise; Finanzmarktaufsicht; Suburbanisierung; Stadtentwicklung; Private Verschuldung; Vermögensteuer; Soziale Wohnungspolitik; Immobilienpreis; Kanada; Social Issues/Migration/Health; Urban, Rural and Regional Development; Economics; Canada
    Scope: Online-Ressource (47 S.), graph. Darst.
    Notes:

    Zsfassung in franz. Sprache

  9. Argentina empantanada
    Published: [2017]
    Publisher:  Universidad del CEMA, Buenos Aires, Argentina

    Ibero-Amerikanisches Institut Preußischer Kulturbesitz, Bibliothek
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    Source: Union catalogues
    Language: Spanish
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/176588
    Series: Array ; nro. 615 (Agosto 2017)
    Subjects: Wirtschaftslage; Subprime-Krise; Wirtschaftspolitik; Meinung; Argentinien
    Scope: 1 Online-Ressource (circa 19 Seiten), Illustrationen
  10. Liquidity in the foreign exchange market
    measurement, commonality, and risk premiums
    Published: 2010
    Publisher:  Swiss National Bank, Zurich

    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Print
    Series: Swiss National Bank working papers ; 2010,3
    Subjects: Devisenmarkt; Marktliquidität; Messung; Risikoprämie; Subprime-Krise; Finanzkrise; Zinsparität
    Scope: 57 S., graph. Darst.
  11. Die Ursachen der Finanz- und Bankenkrise im Lichte der Statistik
    Published: 2009
    Publisher:  Univ., Wirtschafts- und Sozialwiss. Fak., Potsdam

    Finanz- und Bankenkrisen können seit Jahrhunderten beobachtet werden und gründen auf ähnlichen Verhaltensweisen der Beteiligten. Wie die vergangenen zwei Jahre gezeigt haben, variieren hingegen die den Krisen zugrundeliegenden tieferen Ursachen und... more

    Universität Potsdam, Universitätsbibliothek
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    Finanz- und Bankenkrisen können seit Jahrhunderten beobachtet werden und gründen auf ähnlichen Verhaltensweisen der Beteiligten. Wie die vergangenen zwei Jahre gezeigt haben, variieren hingegen die den Krisen zugrundeliegenden tieferen Ursachen und Mechanismen. Durch statistische Daten wird gezeigt, wie die Immobilienpreise in den USA zunächst stiegen. Wegen erwarteter weiterer Wertentwicklung wurden Kredite auch an Schuldner geringer (subprime) Bonität gegeben und Risiken als forderungsbesicherte Wertpapiere auf globalen Märkten veräußert. Als sich die Wachstumserwartungen nicht erfüllten, vermehrten sich Rückzahlungsausfälle lavinenartig. Vom amerikanischen Hypothekenmarkt breitete sich die Krise auf die internationalen Banken und im weiteren Verlauf auf die Weltwirtschaft aus.

     

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    Source: Union catalogues
    Language: German
    Media type: Book
    Format: Print
    Series: Statistische Diskussionsbeiträge ; 35
    Subjects: Finanzkrise; Bankenkrise; Subprime-Krise; USA; Welt
    Scope: III, 13 Bl., graph. Darst.
    Notes:

    Zsfassung in engl. Sprache

  12. Die Ursachen der Finanz- und Bankenkrise im Lichte der Statistik
    Published: 2009
    Publisher:  Univ., Wirtschafts- und Sozialwiss. Fak., Potsdam

    Finanz- und Bankenkrisen können seit Jahrhunderten beobachtet werden und gründen auf ähnlichen Verhaltensweisen der Beteiligten. Wie die vergangenen zwei Jahre gezeigt haben, variieren hingegen die den Krisen zugrundeliegenden tieferen Ursachen und... more

    Universität Potsdam, Universitätsbibliothek
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    Finanz- und Bankenkrisen können seit Jahrhunderten beobachtet werden und gründen auf ähnlichen Verhaltensweisen der Beteiligten. Wie die vergangenen zwei Jahre gezeigt haben, variieren hingegen die den Krisen zugrundeliegenden tieferen Ursachen und Mechanismen. Durch statistische Daten wird gezeigt, wie die Immobilienpreise in den USA zunächst stiegen. Wegen erwarteter weiterer Wertentwicklung wurden Kredite auch an Schuldner geringer (subprime) Bonität gegeben und Risiken als forderungsbesicherte Wertpapiere auf globalen Märkten veräußert. Als sich die Wachstumserwartungen nicht erfüllten, vermehrten sich Rückzahlungsausfälle lavinenartig. Vom amerikanischen Hypothekenmarkt breitete sich die Krise auf die internationalen Banken und im weiteren Verlauf auf die Weltwirtschaft aus.

     

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    Language: German
    Media type: Book
    Format: Online
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    Series: Statistische Diskussionsbeiträge ; 35
    Subjects: Finanzkrise; Bankenkrise; Subprime-Krise; USA; Welt
    Scope: Online-Ressource (PDF-Datei: III, 13 Bl., 373 kB), graph. Darst.
    Notes:

    Zsfassung in engl. Sprache

  13. Von der Immobilien- zur Euro-Krise
    Published: 2013
    Publisher:  Landeszentrale für Politische Bildung Thüringen, Erfurt

    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
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    Source: Staatsbibliothek zu Berlin
    Language: German
    Media type: Book
    Format: Print
    ISBN: 9783943588132
    Subjects: Subprime-Krise; USA; Vergleich; Finanzkrise; Welt; EU-Staaten; Schuldenkrise; Eurozone
    Scope: 210 S., graph. Darst., 21 cm
  14. Ursachen der Immobilienkrise in den USA
    Published: 2010
    Publisher:  Wissenschaftliche Hochschule, Lahr

    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    2012 B 25031
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    111 K 4013
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    QK 321
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    HB 3722/2010 Bb
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    Source: Union catalogues
    Language: German
    Media type: Book
    Format: Print
    ISBN: 9783866921801
    Series: Schriften der Wissenschaftlichen Hochschule Lahr ; 25
    Subjects: Subprime-Krise; Immobilienmarkt; Hypothek; Spekulationsblase; Finanzkrise; USA; Financial crisis; Subprime mortgage loans; Housing; Financial crisis; Housing; Subprime mortgage loans
    Scope: getr. Seitenz., graph. Darst.
    Notes:

    Literaturangaben

  15. Finanz- und Wirtschaftskrise
    Entstehung, Wirkung, Intervention
    Published: 2009
    Publisher:  Pädagogische Hochschule, Weingarten

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    C 262306
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    60Ca/781
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    Hochschulbibliothek Weingarten
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    Source: Union catalogues
    Language: German
    Media type: Book
    Format: Print
    ISBN: 3924945535; 9783924945534
    RVK Categories: QK 100 ; QK 600 ; QK 640 ; QN 000
    Edition: 1. Aufl.
    Series: Wirtschaft: anders denken, anders lehren, anders lernen ; 12
    Subjects: Finanzkrise; Subprime-Krise; Internationaler Finanzmarkt; Spekulation; Wirtschaftskrise; Regulierung; Global Governance; Welt; Deutschland
    Scope: 119 S., graph. Darst.
  16. Lessons of the financial crisis
    Author: Steil, Benn
    Published: c2009
    Publisher:  Council on Foreign Relations, Center for Geoeconomic Studies, New York, NY

    Technische Universität Chemnitz, Universitätsbibliothek
    $BCh 1
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    Peace Research Institute Frankfurt, Bibliothek
    Zs C
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    B 364253
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    ISBN: 0876094329; 9780876094327
    Other identifier:
    9780876094327
    Series: Council special report ; 45
    Subjects: Finanzkrise; Subprime-Krise; Immobilienfinanzierung; Bankenaufsicht; USA; Global Financial Crisis, 2008-2009; Finance; Finance; Financial institutions; Credit control; Global Financial Crisis, 2008-2009; Finance; Finance; Financial institutions; Credit control
    Scope: IX, 40 S., graph. Darst., 23 cm
    Notes:

    "March 2009. - Includes bibliographical references (p. 28)

  17. Credit, markets, and the real economy
    is the financial system working? ; 17th Annual Hyman P. Minsky Conference on the State of the US and World Economies, April 17 - 18, 2008, Blithewood, Annandale-on-Hudson, New York
    Published: 2008
    Publisher:  Jerome Levy Economics Inst. of Bard College, Annandale-on-Hudson, NY

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Conference proceedings
    Subjects: Finanzsektor; Kreditmarkt; Finanzkrise; Subprime-Krise; USA
    Scope: Online-Ressource (76 S.), Ill.
  18. Subprime mortgages
    what, where, and to whom?
    Published: 2008
    Publisher:  National Bureau of Economic Research, Cambridge, Mass.

    "We explore the types of data used to characterize risky subprime lending and consider the geographic dispersion of subprime lending. First, we describe the strengths and weaknesses of three different datasets on subprime mortgages using information... more

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    W 1 (14083)
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    ifo Institut für Wirtschaftsforschung an der Universität München, Bibliothek
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    "We explore the types of data used to characterize risky subprime lending and consider the geographic dispersion of subprime lending. First, we describe the strengths and weaknesses of three different datasets on subprime mortgages using information from LoanPerformance, HUD, and HMDA. These datasets embody different definitions of subprime mortgages. We show that estimates of the number of subprime originations are somewhat sensitive to which types of mortgages are categorized as subprime. Second, we describe what parts of the country and what sorts of neighborhoods had more subprime originations in 2005, and how these patterns differed for purchase and refinance mortgages. Subprime originations appear to be heavily concentrated in fast-growing parts of the country with considerable new construction, such as Florida, California, Nevada, and the Washington DC area. These locations saw house prices rise at faster-than-average rates relative to their own history and relative to the rest of the country. However, this link between construction, house prices, and subprime lending is not universal, as other markets with high house price growth such as the Northeast did not see especially high rates of subprime usage. Subprime loans were also heavily concentrated in zip codes with more residents in the moderate credit score category and more black and Hispanic residents. Areas with lower income and higher unemployment had more subprime lending, but these associations are smaller in magnitude"--National Bureau of Economic Research web site

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: NBER working paper series ; 14083
    Subjects: Immobilienfinanzierung; Immobilienpreis; Subprime-Krise; Zins; USA
    Scope: 41 S., Kt.
  19. Folgen der US-Immobilienkrise belasten Konjunktur
    Gemeinschaftsdiagnose Frühjahr 2008
    Published: Apr. 2008
    Publisher:  Hans-Böckler-Stiftung, Düsseldorf

    Business cycle dynamic in Germany has still been high at the beginning of this year. However in due course of 2008 adverse external impact especially from the US will make themselves being felt. Growth will slow down to 1.4 % in 2009. It will be... more

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    DS 489 (28)
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    Business cycle dynamic in Germany has still been high at the beginning of this year. However in due course of 2008 adverse external impact especially from the US will make themselves being felt. Growth will slow down to 1.4 % in 2009. It will be driven mainly by consumption. Unemployment will go down to 3.2 Mill in 2008 and 2.9Mill in 2009. Inflation stays high in 2008 with 2.6 %, but price hikes should calm down to 1.8 % in 2009. Die Konjunktur in Deutschland ist zwar mit viel Schwung in das Jahr 2008 gestartet, jedoch werden sich im weiteren Verlauf dieses Jahres die negativen außenwirtschaftlichen Einflüsse zunehmend bemerkbar machen. Insbesondere wird sich die Dynamik der Ausfuhr deutlich verringern. Hingegen wird die Inlandsnachfrage etwas rascher expandieren als im vergangenen Jahr. Die privaten Konsumausgaben werden nach der lang anhaltenden Flaute spürbar ausgeweitet. Das Bruttoinlandsprodukt wird im Jahr 2008 voraussichtlich um 1,8% und 1,4 % im kommenden Jahr zunehmen. Die Zahl der Arbeitslosen verringert sich in diesem Jahr um rund 560 000 auf etwa 3,2 Millionen. Im Jahr 2009 wird sogar auf 2,9 Mill. zurückgehen. . Die Inflationsrate bleibt 2008 mit 2,6 % hoch, wird sich allerdings allmählich zurückbilden und im kommenden Jahr nur noch 1,8% betragen.

     

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    Source: Union catalogues
    Language: German
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/106038
    Edition: Unkorrigierte Fassung
    Series: Report / IMK, Institut für Makroökonomie und Konjunkturforschung ; 28
    Subjects: Internationale Konjunktur; Welt; Konjunktur; Frühindikator; EU-Staaten; Deutschland; Subprime-Krise; Finanzkrise; USA
    Scope: Online-Ressource (80 S.), graph. Darst.
  20. The duration of foreclosures in the subprime mortgage market
    a competing risks model with mixing
    Published: 2006
    Publisher:  Federal Reserve Bank of St. Louis, Research Division, St. Louis, Mo.

    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 65 (2006.027)
    No inter-library loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper series / Federal Reserve Bank of St. Louis, Research Division ; 2006,027
    Subjects: Subprime-Krise; Zwangsvollstreckung; Risiko; Logit-Modell; Dauer; USA
    Scope: Online-Ressource (27 S.), graph. Darst.
  21. Der deutsche NPL-Markt 2007
    aktuelle Entwicklungen, Verkauf und Bewertung ; Berichte und Referate des NPL-Forums 2007
    Published: Febr. 2008
    Publisher:  Frankfurt School of Finance & Management, Frankfurt, M.

    The work report first describes the current developments on the German market for nonperforming loans, which after its peak in spring 2007 is now also affected by the financial crisis. The sale of small and medium-size portfolios is described within... more

    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 114 (90)
    No inter-library loan

     

    The work report first describes the current developments on the German market for nonperforming loans, which after its peak in spring 2007 is now also affected by the financial crisis. The sale of small and medium-size portfolios is described within the scope of a case study. Furthermore, the report focusses on the automated and trustworthy assessment and the servicing of real property portfolios. -- Non performing loans ; distressed debt ; portfoliomanagement ; workout ; outsourcing ; servicing ; banking and regulation law ; bankers duty of secrecy ; failing banks ; corporate loans ; consumer loans ; real estate loans

     

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    Source: Union catalogues
    Language: German
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/27855
    Series: Working paper series / Frankfurt School of Finance & Management ; 90
    Subjects: Notleidender Kredit; Markt; Deutschland; Subprime-Krise; Finanzkrise; Welt
    Scope: Online-Ressource (98 S.), graph. Darst.
    Notes:

    Zsfassung in engl. Sprache

  22. The role of the securitization process in the expansion of subprime credit
    Published: 2009
    Publisher:  Charles A. Dice Center for Research in Financial Economics, Columbus, Ohio

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Keine Speicherung
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Edition: This draft: April 2009
    Series: Working papers series / Charles A. Dice Center for Research in Financial Economics ; 2009,9
    Fisher College of Business working paper series ; 2009-03-009
    Subjects: Verbriefung; Subprime-Krise; Asset-Backed Securities; Kreditwürdigkeit; Kreditmarkt; USA
    Scope: Online-Ressource (54 S., 281,82 KB), graph. Darst.
  23. Assessing the effectiveness of the Paulson "Teaser Freaser" plan
    evidence from the ABX index
    Published: 2009
    Publisher:  Federal Reserve Bank of Richmond, Richmond, Va.

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Keine Speicherung
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Federal Reserve Bank of Richmond working paper ; 09,07
    Subjects: Hypothek; Ankündigungseffekt; Subprime-Krise; Asset-Backed Securities; Anlageverhalten; USA
    Scope: Online-Ressource (30 S.), graph. Darst.
  24. Modelling short-term interest rate spreads in the euro money market
    Published: 2008
    Publisher:  European Central Bank, Frankfurt am Main

    In the framework of a new money market econometric model, we assess the degree of precision achieved by the European Central Bank ECB) in meeting its operational target for the short-term interest rate and the impact of the U.S. sub-prime credit... more

    Staats- und Universitätsbibliothek Bremen
    No inter-library loan
    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 534 (982)
    No inter-library loan
    ifo Institut für Wirtschaftsforschung an der Universität München, Bibliothek
    No inter-library loan

     

    In the framework of a new money market econometric model, we assess the degree of precision achieved by the European Central Bank ECB) in meeting its operational target for the short-term interest rate and the impact of the U.S. sub-prime credit crisis on the euro money market during the second half of 2007. This is done in two steps. Firstly, the long-term behaviour of interest rates with one-week maturity is investigated by testing for co-breaking and for homogeneity of spreads against the minimum bid rate (MBR, the key policy rate). These tests capture the idea that successful steering of very short-term interest rates is inconsistent with the existence of more than one common trend driving the one-week interest rates and/or with nonstationarity of the spreads among interest rates of the same maturity (or measured against the MBR). Secondly, the impact of several shocks to the spreads (e.g. interest rate expectations, volumes of open market operations, interest rate volatility, policy interventions, and credit risk) is assessed by jointly modelling their behaviour. We show that, after August 2007, euro area commercial banks started paying a premium to participate in the ECB liquidity auctions. This puzzling phenomenon can be understood by the interplay between, on the one hand, adverse selection in the interbank market and, on the other hand, the broad range of collateral accepted by the ECB. We also show that after August 2007, the ECB steered the risk-freeʺ rate close to the policy rate, but has not fully off-set the impact of the credit events on other money market rates

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/153416
    Series: Working paper series / European Central Bank ; 982
    Subjects: Geldmarkt; Makroökonometrie; Zinsstruktur; Euromarkt; Subprime-Krise; Finanzkrise; EU-Staaten; USA
    Scope: Online-Ressource, (39 S., 1161 KB)
  25. Regression discontinuity estimates of the effects of the GSE Act of 1992
    Author: Bhutta, Neil
    Published: 2009
    Publisher:  Div. of Research & Statistics and Monetary Affairs, Federal Reserve Board, Washington, DC

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 966 (2009.03)
    Unlimited inter-library loan, copies and loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Finance and economics discussion series ; 2009,03
    Subjects: Hypothek; Kreditpolitik; Kreditgeschäft; Soziale Wohnungspolitik; Subprime-Krise; Finanzkrise; USA
    Scope: 37 S., graph. Darst.
    Notes:

    Parallel als Online-Ausg. ersch