viii, 326 pages : illustrations ; 23 cm
"Examining growth of complex securitized structures in U.S. and world markets, provides a timeline of key events, proposing explanations for the resulting financial crisis. Offers suggestions on securitization reform, including a solution to insure the mortgage market against default risk. Provides strategies to increase transparency and encourage more prudent lending"--Provided by publisher.
Bibliography, etc. Note
Includes bibliographical references and index.
Formatted Contents Note
Preface 1. The future of securitization : an introduction / Yasuyuki Fuchita, Richard J. Herring, and Robert E. Litan 2. Financial turmoil and central bank responses in the United States, United Kingdom, European Union, and Japan / Robert A. Eisenbeis 3. Structuring for leverage : CPDOs, SIVs, and ARSs / Joseph R. Mason 4. The future of securitization / Günter Franke and Jan P. Krahnen 5. Legal and economic issues in litigation arising from the 2007-08 credit crisis / Jennifer E. Bethel, Allen Ferrell, and Gang Hu 6. Mortgage payment insurance and the future of the housing finance system / Jack Guttentag and Igor Roitburg 7. The development and future of securitization in Asia / Eiichi Sekine, Kei Kodachi, and Tetsuya Kamiyama.