Unravelling the Credit Crunch

Fascinating Insight into How the Financial System Works and How the Credit Crisis AroseClearly supplies details vital to understanding the crisis Unravelling the Credit Crunch provides a clearly written, comprehensive account of the current credit crisis that is easily understandable to non-specialists. It explains how the financial system was draw

Autorentext

David Murphy is principal of rivast Consulting, a leading London risk management consultancy.

Inhalt

Introduction. What Happened? Understanding the Slime: U.S. Residential Mortgages. Financial Assets and Their Prices. Liquidity and Central Banks. The Crash of 1929 and Its Legacy. Securitization, Tranching, and Financial Modeling. The Legacy Fails: Fannie, Freddie, and the Broker/Dealers in 2008. Structured Finance. Municipal Finance and the Monolines. The Rules of the Game: Accounting and Regulation. Changes and Consequences. Index.