Open Access. Powered by Scholars. Published by Universities.®
- Discipline
-
- Business (4)
- Finance (4)
- Finance and Financial Management (4)
- Public Policy (4)
- Growth and Development (3)
-
- Policy Design, Analysis, and Evaluation (3)
- Public Administration (3)
- Political Economy (2)
- Comparative Politics (1)
- Emergency and Disaster Management (1)
- European Law (1)
- International Relations (1)
- Law (1)
- Macroeconomics (1)
- Other Public Affairs, Public Policy and Public Administration (1)
- Policy History, Theory, and Methods (1)
- Political Science (1)
Articles 1 - 5 of 5
Full-Text Articles in Economic Policy
A Special Project: Inside The Cdo Machine, Rosalind Z. Wiggins, Andrew Metrick
A Special Project: Inside The Cdo Machine, Rosalind Z. Wiggins, Andrew Metrick
Journal of Financial Crises
In this issue of the Journal of Financial Crisis, we feature Inside the CDO Machine—a special undertaking recently completed under the auspices of the Yale Program on Financial Stability Lessons Learned Oral History Project by Steven H. Kasoff, a Yale School of Management Fellow and former equity partner and head of real estate and structured products investments at the Elliott Management Corp., a global hedge fund. For the project, Kasoff undertook a series of interviews with industry professionals to focus on one of the critical derivatives products of the Global Financial Crisis (GFC), collateralized debt obligations (CDOs), and how they …
Wall Street’S Subprime Debacle: Firsthand Accounts From Inside The Cdo Machine, Matthew A. Lieber, Steven H. Kasoff
Wall Street’S Subprime Debacle: Firsthand Accounts From Inside The Cdo Machine, Matthew A. Lieber, Steven H. Kasoff
Journal of Financial Crises
The observations, perceptions, and actions of participants in the subprime markets remain poorly documented and incompletely understood. Seeking to deepen our understanding, this study has produced seven interview summaries and one article telling the story of a hypothetical CDO deal. This article is organized in four parts. First, it presents our research questions and methods in relation to the existing knowledge on the topic. Second, it describes what we think are the study’s main contributions. Third, it previews the Lessons Learned summaries and interviews from each of the participants. And last, it identifies what we believe are some of the …
Anatomy Of A Trade: The Making Of A Subprime Cdo, Steven H. Kasoff
Anatomy Of A Trade: The Making Of A Subprime Cdo, Steven H. Kasoff
Journal of Financial Crises
This article presents a short story, a sketch in eight parts of a single fictitious subprime collateralized debt obligation (CDO) transaction. The story is informed by expert interviews, documentary research, and the author’s firsthand experience.
Lessons Learned: Greg Feldberg, Sandra Ward, Rosalind Z. Wiggins
Lessons Learned: Greg Feldberg, Sandra Ward, Rosalind Z. Wiggins
Journal of Financial Crises
Greg Feldberg was a senior supervisory financial analyst at the Board of Governors of the Federal Reserve experienced in regulating large banks when he was recruited to the Financial Crisis Inquiry Commission (FCIC) where he worked from 2010-11, becoming its Director of Research. The FCIC was a bipartisan commission charged with investigating the causes of the global financial crisis of 2007-09. Feldberg shared thoughts about some of the challenges faced by the commission and why its report is important. This "Lessons Learned" is based on an interview with Mr. Feldberg.
Ireland And Iceland In Crisis D: Similarities And Differences, Arwin G. Zeissler, Daisuke Ikeda, Andrew Metrick
Ireland And Iceland In Crisis D: Similarities And Differences, Arwin G. Zeissler, Daisuke Ikeda, Andrew Metrick
Journal of Financial Crises
On September 29, 2008—two weeks after the collapse of Lehman Brothers—the government of Ireland took the bold step of guaranteeing almost all liabilities of the country’s major banks. The total amount guaranteed by the government was more than double Ireland’s gross domestic product, but none of the banks were immediately nationalized. The Icelandic banking system also collapsed in 2008, just one week after the Irish government issued its comprehensive guarantee. In contrast to the Irish response, the Icelandic government did not guarantee all bank debt. Instead, the Icelandic government controversially split each of the three major banks into a new …