The Crime Scene

Pierre Lemieux

Chapter Chapter 5 in Somebody in Charge, 2011, pp 103-122 from Palgrave Macmillan

Abstract: Abstract Whatever influence we attach to the many economic circumstances surrounding the 2007–2009 economic crisis, we must not forget where precisely it started, that is, in the market for residential mortgage-backed securities (MBSs). At the very source of the crisis were two interrelated markets: the market for residential houses and the market for mortgage loans on these houses. This is, as it were, the crime scene, and we can’t hope to find the culprit if we don’t visit it.

Keywords: House Price; Crime Scene; Deposit Insurance; Mortgage Loan; Capital Ratio (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-11847-8_6

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DOI: 10.1057/9780230118478_6

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