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http://ssrn.com/abstract=1056241
 
 

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Protecting Financial Markets: Lessons from the Subprime Mortgage Meltdown


Steven L. Schwarcz


Duke University - School of Law

November 2007

Duke Law School Legal Studies Paper No. 175

Abstract:     
Why has the recent subprime mortgage meltdown undermined financial market stability notwithstanding the protections provided by market norms and financial regulation? This article attempts to answer that question by identifying anomalies and obvious protections that failed to work, and then testing hypotheses that might explain the anomalies and failures. The resulting explanations provide critical insights into protecting financial markets.

Number of Pages in PDF File: 35

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Date posted: December 6, 2007 ; Last revised: February 24, 2008

Suggested Citation

Schwarcz, Steven L., Protecting Financial Markets: Lessons from the Subprime Mortgage Meltdown (November 2007). Duke Law School Legal Studies Paper No. 175. Available at SSRN: http://ssrn.com/abstract=1056241 or http://dx.doi.org/10.2139/ssrn.1056241

Contact Information

Steven L. Schwarcz (Contact Author)
Duke University - School of Law ( email )
Box 90360
Duke School of Law
Durham, NC 27708
United States
919-613-7060 (Phone)
919-613-7231 (Fax)
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