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Palgrave Macmillan

Financial Boom and Gloom

The Credit and Banking Crisis of 2007–2009 and Beyond

  • Book
  • © 2009

Overview

Authors:
  1. Dimitris N. Chorafas

    1. New York Academy of Sciences, USA

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Table of contents (11 chapters)

  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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Keywords

About this book

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.

Authors and Affiliations

  • New York Academy of Sciences, USA

    Dimitris N. Chorafas

About the author

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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