levels. This goes hand in hand with the fact that it is clearly realized from this crisis that credit rating agencies need to reclassify their models used to evaluate cryptic credit risk created in both Mortgage-Backed Securities (MBS) and Collateralized Debt Obligations (CDOs). (Eun & Resnick) Furthermore‚ the banking crisis has taught borrowers that they must be cautious of placing their faith in its entirety on credit ratings and therefore must question any discrepancies ahead of time. Another insight
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Securitization Market in India Securitization issuance in emerging markets Country Issuance in $bn Asia Taiwan South Korea India Singapore Malaysia Indonesia Japan 1.9 26 6.67 1.2 0.4 0.6 81 Brazil Mexico Argentina Chile Peru Columbia Others Country Issuance in $bn Country Issuance in $bn EEMEA Latin America 4.8 4.3 1.5 0.9 0.7 0.5 1.3 Turkey 4.5 2.2 1.7 0 0.2 South Africa Egypt Russia Others Asia 117.77 Latin America 14 EEMEA 8.6 Emerging markets total
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ANALYSIS OF THE DOCUMENTARY MOVIE “INSIDE JOB” Basic Information about Documentary: Directed by Charles Ferguson Produced by Audrey Marrs Charles Ferguson Narrated by Matt Damon Music by Alex Heffes Cinematography Svetlana Cvetko Kalyanee Mam Editing by Chad Beck Adam Bolt Distributed by Sony Pictures Classics Release date(s) May 16‚ 2010 (Cannes) October 8‚ 2010 (United States) Running time 108 minutes Country United States Language English Introduction: US Financial crises in 2008 hit all economies
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cause of the global financial crisis. Finally‚ I will give my opinion basing on my researches. To start with first part‚ I want to mention to 2 of most notable financial instruments‚ these are CDO and CDS. What is CDO? What is CDS? CDO is collateralized debt obligation‚ a type of asset backed security‚ and this video will clarify the formation of CDO. Along with CDO we have synthetic CDOs created by combination of CDOs with the similar method. Before global crisis‚ you can see the rapid increase in CDO
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| | | | [CITIGROUP CASE STUDY]By: AMMARA ABRAR 11749DATE: 12-12-12 | | ACKNOWLEDGEMENT First of all I would like to thank Allah Almighty for providing me with wisdom and intellectual capacity to complete this report. Then‚ I would we like to thank my parents for providing me with opportunity of learning. Lastly and most importantly‚ I would like to thank my supervisors Dr. Siraj Jamal for guiding me to complete this report. ABSTRACT This research report intends to identify an
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headlines and it is all over the internet‚ yet people still don’t fully believe that U.S. politicians are corrupt. The people that are making all of the “under the table” deals have got the American people blinded with false promises. The national debt is growing and we‚ the people‚ are blaming the President‚ illegal immigration‚ and big companies importing goods but the people that are to blame are representing us right now. Corruption is defined as moral perversion or the perversion of integrity
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THE GLOBAL ECONOMIC MELTDOWN Economies of the world all have their periods of rise and fall. No economy can experience total stability over a period of time- there must be some forms of rise or fall in the stability of the economy. Today‚ virtually every country in the world is affected by what happens in other countries. Some of these effects are a result of political events‚ such as the overthrow of one government in favor of another. But a great deal of the interdependence among the nations
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THE 2007-2008 FINANCIAL CRISIS: CAUSES‚ IMPACTS AND THE NEED FOR NEW REGULATIONS The initial cause of the financial turbulence is attributed to the U.S. sub-prime residential mortgage market. The sustained rise in asset prices‚ particularly house prices‚ on the back of excessively accommodative monetary policy and lax lending standards during 2002-2006‚ increased innovation in the new financial instruments‚ unusual low interest rates resulted in a large rise in mortgage credit to households; particularly
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or receivables against assets other than real estate and mortgage-backed securities. For investors‚ asset-backed securities are an alternative to investing in corporate debt. An ABS is essentially the same thing as a mortgage-backed security‚ except that the securities backing it are assets such as loans‚ leases‚ credit card debt‚ a company’s receivables‚ royalties and so on‚ and not mortgage-based securities. Bank Holding Company Bank holding company is broadly defined as any company that controls
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low interest rate prompts banks to issue large amount of housing loans. To transfer default risk embedded in those loans‚ investment banks package those loans and mortgages into student loans‚ car loans and credit card debt‚ which form the so-called collateralized debt obligation (CDOs). All these derivatives depend on the housing loans. In the era of low interest rates‚ house prices rise rapidly and promote the rapid development of the housing loans business. With steady stream of housing loans
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