Examining the growth of complex securitized structures in the United States and other markets, the authors provide a timeline of key events and offer an explanation for the resulting financial crisis. They argue that flawed financial engineering and a lack of transparency incentivized risky lending, while credit rating agencies failed to analyze securities. They also examine the reactions of the central banks and provide a survey of crisis-generated litigation through October 2008.
- ISBN:
- 9780815703365
- 9780815703365
-
Category:
- Business & management
- Format:
- Paperback
- Publication Date:
-
24-08-2009
- Language:
- English
- Publisher:
- Rowman & Littlefield
- Country of origin:
- United States
- Pages:
- 336
- Dimensions (mm):
- 229x152x25mm
- Weight:
- 0.45kg
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