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Inquiry into U.S. banks exposures to...

Ebisike, Obioma Anthony.

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Inquiry into U.S. banks exposures to mortgage securities.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Inquiry into U.S. banks exposures to mortgage securities./
作者:	Ebisike, Obioma Anthony.
面頁冊數:	251 p.
附註:	Source: Dissertation Abstracts International, Volume: 75-10(E), Section: A.
Contained By:	Dissertation Abstracts International75-10A(E).
標題:	Commerce-Business. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3626191
ISBN:	9781321009668

Inquiry into U.S. banks exposures to mortgage securities.
Ebisike, Obioma Anthony.

Inquiry into U.S. banks exposures to mortgage securities. - 251 p.

Source: Dissertation Abstracts International, Volume: 75-10(E), Section: A.

Thesis (Ph.D.)--The New School, 2014.

The banking and real estate sectors are both important and significant sectors of the United States economy. U. S. banks' exposure to complex securities, especially mortgage-backed securities, was at the center of discussions on the 2007-09 global financial melt-down. Lots of other factors have also been blamed for the crisis, including availability of easy credit, poor underwriting standards, high leverage, non-robustness of the securitized mortgage products, bankers and credit rating agencies compensation structures, among others.

ISBN: 9781321009668Subjects--Topical Terms:

3168423
Commerce-Business.

Inquiry into U.S. banks exposures to mortgage securities.
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245 1 0 $a Inquiry into U.S. banks exposures to mortgage securities.
300 $a 251 p.
500 $a Source: Dissertation Abstracts International, Volume: 75-10(E), Section: A.
500 $a Adviser: Willi Semmler.
502 $a Thesis (Ph.D.)--The New School, 2014.
520 $a The banking and real estate sectors are both important and significant sectors of the United States economy. U. S. banks' exposure to complex securities, especially mortgage-backed securities, was at the center of discussions on the 2007-09 global financial melt-down. Lots of other factors have also been blamed for the crisis, including availability of easy credit, poor underwriting standards, high leverage, non-robustness of the securitized mortgage products, bankers and credit rating agencies compensation structures, among others.
520 $a This dissertation investigates the U. S. banks' exposures to mortgage securities in the context of the recent financial crisis that started in 2007. The dissertation explores and analyzes the trend in the origination and holdings by U. S. banks' of these securities. The finding of this dissertation is that banks ignored or didn't have robust risk assessment mechanism that could have brought their attention to the non-robustness of the securitized mortgage products and the venerability of these products to changes in interest rates and consumers default. The poor underwriting standards over the years coupled with easy credit and high leverage were significant recipe that helped pump up the bubble. Using estimates of probabilities of default this dissertation provides a numeric measure of the risks that banks faced during the recent crisis.
520 $a This dissertation also investigated banking sector exposure to real estate and the dynamics of mortgage delinquencies and U.S. home prices. The finding is that mortgage delinquencies have inverse relationship to home prices. The dissertation therefore explored the exposure of banks to these mortgage securities prior to and during the recent crisis. The dissertation shows that the banks were increasingly exposed to the risks associated with these securities.
520 $a In addition, using a modified Stein excess debt framework I construct a model that can serves as alternative early indicator of banking crises. Using data for select banks I derive estimates of banks optimal debt ratios. The optimal debt and actual debt ratios were then used to determine whether excess debt exists and the extent to which banks were vulnerable to crises. The level of vulnerability is ultimately determined by comparing the optimal debt to the actual debt ratios. The difference between the optional and actual debt ratios, which is the excess debt, proves to be a reliable early indicator of impending banking crisis.
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793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3626191