Subprime mortgages and the MBSs in generating and transmitting the global financial crisis

Michał Jurek , Paweł Marszałek

Abstract

The paper addresses numerous factors which generated and transmitted the 2007-2009 financial crisis, with the special attention paid to phenomena observed in the subprime mortgages and MBSs markets. The aim of the paper is to provide a critical survey which systematically examine the literature of those factors. The paper discusses the roots of the subprime crisis and characterizes briefly the most important milestones in the process of the crisis propagation. Then it presents analysis of the impact of the subprime and MBSs markets on the outburst of the global financial crisis provided by staff of selective international financial institutions and central banks. The special attention is paid to factors of crisis propagation after the subprime mortgage and MBSs markets collapse. Strict interdependencies among tall discussed factors are emphasized.
Author Michał Jurek (WE / KB)
Michał Jurek,,
- Department of Banking
, Paweł Marszałek (WE / KB)
Paweł Marszałek,,
- Department of Banking
Journal seriesFESSUD Financialisation, Economy, Society and Sustainable Development : Working Papers, ISSN 2052-8035, (0 pkt)
Issue year2014
No40
Pages1-51
Publication size in sheets2.5
Keywords in Englishglobal financial crisis, subprime mortgages, structured credit products, risk exposure
URL http://fessud.eu/wp-content/uploads/2013/04/Subprime-mortgages-and-the-MBSs-in-generating-and-transmitting-the-global-financial-crisis_Working-Paper-40.pdf
Languageen angielski
Score (nominal)5
Score sourcejournalList
ScoreMinisterial score = 0.0, 16-12-2019, ArticleFromJournal
Ministerial score (2013-2016) = 5.0, 16-12-2019, ArticleFromJournal
Citation count*3 (2020-08-07)
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* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.
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