how i caused the credit crunch

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How I Caused The Credit Crunch

Author : Tetsuya Ishikawa
ISBN : 9781848310971
Genre : Business & Economics
File Size : 74. 19 MB
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This is a vivid and personal account of 21st century banking excess. "How I Caused the Credit Crunch" traces seven years at the forefront of the credit markets - a tale from the heart of the bewildering banking maelstrom whose catastrophic collapse has plunged the world towards the worst recession since the 1930s. Tetsuya Ishikawa's story reveals how a young Oxford graduate finds himself in command of vast sums of other people's money; how a novice to the mysteries of hedge funds, subprime mortgages and CDOs can fix complex deals for billions of dollars in the exclusive bars, brothels and trading floors of London, New York, Frankfurt and Tokyo, and reap the benefits in a colossal annual bonus and an international luxury lifestyle. Ishikawa's book, which deftly explains the arcane financial instruments now grimly associated with the credit crunch, is both a powerful tale of lost innocence and an expose of the disturbing truth of the collective folly, frailty and greed at the heart of the banking crisis.

Housing And The Credit Crunch

Author : Great Britain. Parliament. House of Commons. Communities and Local Government Committee
ISBN : 021552652X
Genre : Home ownership
File Size : 80. 2 MB
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In this report the Communities and Local Government Committee says the Government must stick to its long term house building targets, despite the credit crunch, but a greater proportion of the homes built should be social housing. The Committee is concerned that the £975 million borrowed by the Government from its 2010-11 budgets to build social rented housing now is not new money, and that the Government has been unable to say how that borrowing will be replaced. The Committee urges the Department for Communities and Local Government to: put pressure on the Treasury to ensure measures to revive the mortgage markets are implemented immediately; increase construction of new social housing, both to provide for housing need and as a means of maintaining capacity in the homebuilding industry whilst the market recovers; accelerate refurbishment programmes for social housing; acquire further social housing through the purchase of unsold stock and street properties; consider the purchase of unsold family homes which have been on the market for more than a year; encourage public sector bodies to make land available for the development of new homes. The report also urges the Government to do more to help those at risk of repossession by considering sanctions against lenders who repossess too quickly and by doing more to protect tenants and homeowners from unscrupulous landlords. An Office of Fair Trading recommendation for sale-and-rent back schemes should be implemented as a matter of urgency to protect the growing number of households falling behind in mortgage payments. The Committee would like to see more done to support housing associations, including increasing social housing grant where necessary.

Basel Capital Requirements And Credit Crunch In The Mena Region

Author : Mr. Sami Ben Naceur
ISBN : 9781484354476
Genre : Business & Economics
File Size : 86. 40 MB
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The 1988 Basel I Accord set the common requirements of bank capital to promote the soundness and stability of the international banking system. The agreement required banks to hold capital in proportion to their perceived credit risks, and this requirement may have caused a “credit crunch,” a significant reduction in the supply of credit. We investigate the direct link between the implementation of the Basel I Accord and lending activities, using a data set spanning annual observations covering 1989–2004 for banks in Egypt, Jordan, Lebanon, Morocco, and Tunisia. The results provide clear support for a significant increase in credit growth following the implementation of capital regulations, in general. Despite higher capital adequacy ratios, banks expanded credit and asset growth. Credit growth appears to be driven by demand fluctuations attributed to real growth, cost of borrowing, and exchange rate risk. Overall, the effects of macroeconomic variables, in contrast to capital adequacy, appear to be more dominant in determining credit growth, regardless of the capital adequacy ratio, and regardless of variation across banks by nationality, ownership, and listing.

Crunch Lit

Author : Katy Shaw
ISBN : 9781472512123
Genre : Literary Criticism
File Size : 57. 47 MB
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The financial crisis of 2008 quickly gave rise to a growing body of fiction: "crunch lit". Populated by a host of unsympathetic characters and centred around banking institutions, these 'recession writings' take the financial crisis as their central narrative concern to produce a new wave of literary and popular writings that satirise the origins and effects of modern life, consumer culture and the credit boom. Examining a range of texts from such writers as John Lanchester, Jonathan Franzen, Don DeLillo, Sebastian Faulks and Bret Easton Ellis, this book offers the first wide-ranging guide to this new genre. Exploring the key themes of the genre and its antecedents in fictional representations of finance by the likes of Dickens, Conrad, Zola and Trollope, Crunch Lit also includes a timeline of key historical events, guides to further and online resources and biographies of key authors. Supported by online resources, the book is an essential read for students of 21st century literature and culture.

The Small Business Credit Crunch

Author : United States. Congress. House. Committee on Small Business
ISBN : PSU:000017159821
Genre : Commercial credit
File Size : 60. 63 MB
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The Credit Crunch

Author : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Domestic Monetary Policy
ISBN : PSU:000018480412
Genre : Banks and banking
File Size : 35. 73 MB
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Did Risk Based Capital Allocate Bank Credit And Cause A Credit Crunch In The U S

Author : Allen N. Berger
ISBN : IND:30000100134760
Genre : Asset-liability management
File Size : 39. 27 MB
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Did The Basel Accord Cause A Credit Slowdown In Latin America

Author : Mr. Thomas F. Cosimano
ISBN : 9781451905939
Genre : Business & Economics
File Size : 73. 33 MB
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Drawing from a unique data set comprising 2,893 banks and 152 countries over the period 1987 to 2000, we test whether the adoption of the Basel Accord by Latin American and Caribbean countries was responsible for the serious slowdowns in credit growth experienced by these countries. We find that, on average, both bank capitalization and lending activities in Latin America increased after Basel. Consequently, Basel did not seem to lead to an overall credit decline. However, we do find evidence that loan growth became more sensitive to some risk factors. Our study suggests that the upcoming adoption of Basel II might cause greater procyclicality of credit.

The Credit Crunch In East Asia

Author : Pierre-Richard Agénor
ISBN :
Genre : Bank liquidity
File Size : 69. 44 MB
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A two-step approach is used to assess the extent to which the credit crunch in East Asia was supply- or demand-driven. The results for Thailand suggest that the contraction in bank lending that accompanied the crisis was the result of supply factors.

The 1985 94 Global Real Estate Cycle Its Causes And Consequences

Author : Bertrand Renaud
ISBN :
Genre : Politica fiscal - Paises desarrollados
File Size : 44. 75 MB
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