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Federal Interventions in Response to the Financial Crisis: A Retrospective of Costs
Alyssa Harrington
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Description for Federal Interventions in Response to the Financial Crisis: A Retrospective of Costs
Paperback. Editor(s): Harrington, Alyssa G. Num Pages: 115 pages. BIC Classification: JPHC; KCX; LND. Category: (P) Professional & Vocational. Dimension: 231 x 156 x 11. Weight in Grams: 210.
In August 2007, asset-backed securities (ABS), particularly those backed by subprime mortgages, suddenly became illiquid and fell sharply in value as an unprecedented housing boom turned into a housing bust. Losses on the many ABS held by financial firms depleted their capital. Uncertainty about future losses on illiquid and complex assets led to firms having reduced access to private liquidity, sometimes catastrophically. In September 2008, the financial crisis reached panic proportions, with some large financial firms failing or having the government step in to prevent their failure. Initially, the government approach was largely ad hoc, addressing the problems at individual ... Read more
In August 2007, asset-backed securities (ABS), particularly those backed by subprime mortgages, suddenly became illiquid and fell sharply in value as an unprecedented housing boom turned into a housing bust. Losses on the many ABS held by financial firms depleted their capital. Uncertainty about future losses on illiquid and complex assets led to firms having reduced access to private liquidity, sometimes catastrophically. In September 2008, the financial crisis reached panic proportions, with some large financial firms failing or having the government step in to prevent their failure. Initially, the government approach was largely ad hoc, addressing the problems at individual ... Read more
Product Details
Publisher
Nova Science Publishers Inc
Format
Paperback
Publication date
2016
Condition
New
Number of Pages
115
Place of Publication
New York, United States
ISBN
9781634853477
SKU
V9781634853477
Shipping Time
Usually ships in 5 to 9 working days
Ref
99-2
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