Financial Boom and Gloom

1. Front Matter

   Pages i-xxii

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2. Credit Crunch Ashes and Pains

   1. Front Matter

      Pages 1-1

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   2. The Mismanagement of Credit Risk

      • Dimitris N. Chorafas

      Pages 3-33

   3. The Fed Has Got It Wrong

      • Dimitris N. Chorafas

      Pages 34-60

   4. The Globalization of Credit Risk

      • Dimitris N. Chorafas

      Pages 61-86

3. The Subprimes Crisis

   1. Front Matter

      Pages 87-87

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   2. Earthquake in the Subprime Mortgage Market

      • Dimitris N. Chorafas

      Pages 89-111

   3. The Industrialization of Credit Risk

      • Dimitris N. Chorafas

      Pages 112-137

   4. Leveraged Instruments, Their Credit Ratings, and Other Unorthodox Practices

      • Dimitris N. Chorafas

      Pages 138-163

   5. Northern Rock: a Case Study

      • Dimitris N. Chorafas

      Pages 164-179

4. Bank Supervisors and Their Remit

   1. Front Matter

      Pages 181-181

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   2. Responsibilities of Financial Regulation

      • Dimitris N. Chorafas

      Pages 183-208

   3. Solvency, Liquidity, Asset-Backed Paper, and the Carry Trade

      • Dimitris N. Chorafas

      Pages 209-234

   4. Is There a Remedy for the Problems of Bank Supervision?

      • Dimitris N. Chorafas

      Pages 235-258

5. Epilog

   1. Epilog

      • Dimitris N. Chorafas

      Pages 259-263

6. Back Matter

   Pages 264-280

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The credit and banking crisis which hit the western world in 2007/2008 has and will continue to have far-reaching after-effects. At their core are Collateralized Debt Obligations (CDOs) and Credit Default Swaos (CDSs), the main themes of this book.

• bank
• banking
• banking crisis
• Rating

• New York Academy of Sciences, USA

  Dimitris N. Chorafas

Dimitris N. Chorafas served on the faculty of the Catholic University of America and as Visiting Professor at Washington State University, George Washington University, University of Vermont, University of Florida, and Georgia Institute of Technology in the United States, as well as the University of Alberta, Technical University of Karlsruhe, Ecole d'Etudes Industrielles de l'Université de Genève, Ecole Polytechnic Fédérale de Lausanne, Polish Academy of Sciences and Russian Academy of Sciences. More than 8,000 banking, industrial and government executives participated in his seminars in the United States, England, Germany, Italy, other European countries, Asia and Latin America. Chorafas is the author of 160 books, translated into several languages world-wide.

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