Putting the 'Mort' Back into Mortgage - A Pocket Guide to the Global Credit Crisis
August 22, 2008
This paper looks at the United States sub-prime mortgage crisis, exploring some of the factors leading to the crisis and its continuing effects on global credit markets. It is intended to be a very basic introduction to the topic aimed at gently navigating the reader through the key issues.
Number of Pages in PDF File: 23
Keywords: Sub-prime mortgage, CDO, credit crisis, credit default swap, non-recourse, collapse, FICO, MBS, securitisation
JEL Classification: G21, G24, G38working papers series
Date posted: April 23, 2012
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