Irrational citeria in granting loans increase the credit risk of the loans portfolio and, at the same time, irrational criteria in the credit risk transfer by securitisation and/of credit derivatives multiply the credit risk of financial instruments portfolio leading to the subprime mortgage financial crisis. This paper considers causes, effects and perspectives.
Crisi finanziaria. Origini, riflessi e prospettive
COLOMBINI, FABIANO
2009-01-01
Abstract
Irrational citeria in granting loans increase the credit risk of the loans portfolio and, at the same time, irrational criteria in the credit risk transfer by securitisation and/of credit derivatives multiply the credit risk of financial instruments portfolio leading to the subprime mortgage financial crisis. This paper considers causes, effects and perspectives.File in questo prodotto:
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