CDO Squareds:The Case of Subprime Mortgages

2011 ◽  
Vol 17 (2) ◽  
pp. 96-113 ◽  
Author(s):  
Donald R. Chambers ◽  
Michael A. Kelly ◽  
Qin Lu ◽  
Adam Biesenbach ◽  
Angela King ◽  
...  
Keyword(s):  
Subprime Mortgages

The World Economy

2007 ◽  
Vol 202 ◽  
pp. 9-33
Keyword(s):  
Financial Markets ◽  
Interest Rates ◽  
Federal Reserve ◽  
Risk Premia ◽  
Real Economy ◽  
Subprime Mortgages ◽  
Money Markets ◽  
Moderate Growth ◽  
The Us ◽  
Global Growth

Defaults on subprime mortgages in the US have triggered jitters in global financial markets over the course of this year, leading to a sharp rise in certain types of risk premia over the summer. The Federal Reserve and the ECB responded by injecting emergency liquidity into money markets, on top of which the Federal Reserve cut interest rates by 50 basis points in September. We expect the recent turbulence to be short-lived, and impacts on the real economy will be limited. We continue to expect global growth of 5.2 per cent this year, with a sharper slowdown in the US offset by persistently strong growth in China and a relatively robust outlook for Europe and Japan - despite disappointing outturns for the second quarter of 2007. Global growth is expected to ease to 4.7 per cent in 2008, reflecting more moderate growth in China and Europe. However, as annual global growth has exceeded 4.5 per cent in only nine years since 1970, global prospects continue to look promising. Risks to the outlook include a further rise in risk premia, which could potentially lead to major banking crises.

Subprime Mortgages: America's Latest Boom and Bust

2009 ◽  
Vol 44 (1) ◽  
pp. 57-58
Author(s):  
Robert A McLean
Keyword(s):  
Subprime Mortgages ◽  
Boom And Bust

Subprime Mortgages and the Housing Bubble

2011 ◽  
Author(s):  
Jan K. Brueckner ◽  
Paul S. Calem ◽  
Leonard I. Nakamura
Keyword(s):  
Housing Bubble ◽  
Subprime Mortgages
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