Coffee, Derivatives, and Income Security: Theory and Practice

Sasha Breger Bush

Chapter Chapter 3 in Derivatives and Development, 2012, pp 51-100 from Palgrave Macmillan

Abstract: Abstract The theoretical benefits of globalization are not always borne out in practice. This point has been painfully underscored many times over as the Great Recession unfolds and deepens. The globalization and deepening of markets for mortgage products was to have ushered in a new era of homeownership. From the United States to Hungary, individuals and communities that had previously been denied access to mortgage financing were incorporated into global capital markets, as trading in mortgage-backed securities allowed creditors to extend loans to new and different kinds of bor rowers. Today, the promises of homeownership made possible by financial globalization have been swept away by foreclosure, bankruptcy, and eviction.

Keywords: Future Market; Future Price; Price Discovery; Income Security; Option Market (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-06265-9_3

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DOI: 10.1057/9781137062659_3

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