More articles on the topic Financial Crises

IW-Newsletter
No. 3 from September 1, 2008
Securisation: Lessons from the Subprime Crisis
In recent years securitisation, i.e. financing loans directly via capital markets, has considerably gained in importance and frequency. The subprime crisis has exposed its deficiencies, however. When mortgage financiers were able to shift the credit risks to the capital market the lending standards declined significantly. more

IW-Newsletter
No. 2 from April 1, 2010
U.S. House Price Bubble: When Expectations and Insufficient Regulation Converge
The rapid decline in U.S. house prices triggered the most severe global recession since the Great Depression. Speculative bubbles like the house price bubble generally emerge when beliefs in steadily rising asset prices and coordinated behavior of market participants converge. more