Leveraged Instruments, Their Credit Ratings, and Other Unorthodox Practices

Dimitris N. Chorafas
Additional contact information
Dimitris N. Chorafas: New York Academy of Sciences

Chapter 6 in Financial Boom and Gloom, 2009, pp 138-163 from Palgrave Macmillan

Abstract: Abstract To appreciate the wider impact of the debacle in subprime mortgages it is important to understand the explosion in supply of leveraged financial instruments; also, the negative aftermath of a steady policy of low interest rates and low credit ratings which followed the year 2000 stock market bubble. A combination of these factors saw to it that between 2001 and 2005, the annually issued amount of securitized mortgages of all sorts tripled in terms of dollar value.

Keywords: Credit Risk; Credit Rating; Hedge Fund; Credit Spread; Sovereign Wealth Fund (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-23583-0_6

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230235830

DOI: 10.1057/9780230235830_6

Access Statistics for this chapter

More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().