author = { Jaffee, Dwight M. },

title = { The U.S. Subprime Mortgage Crisis Issues Raised and Lessons Learned },

publisher = {},

keywords = { ACCOUNTING , ARBITRAGE , ASSET CLASS , ASSET MANAGERS , ASSET-BACKED SECURITIES , ASYMMETRIC INFORMATION , AUCTION , AUTO LOANS , BAILOUT , BANK INVESTORS , BANK LENDERS , BANKING REGULATIONS , BANKING SYSTEM , BANKRUPTCY , BENEFICIARIES , BORROWER , BROKERS , CAPITAL MARKET , CAPITAL MARKETS , CAPITAL REQUIREMENTS , CATASTROPHE BONDS , COLLATERAL , COMMERCIAL BANK , COMMERCIAL BANKS , COMMERCIAL MORTGAGE , COMMERCIAL MORTGAGES , COMMERCIAL PAPER , COMMERCIAL PAPER MARKET , COMPETITIVE MARKET , CONSUMER BORROWERS , CONSUMER LOANS , CONSUMER PROTECTION , CONSUMER PROTECTION LEGISLATION , CONTRACT DESIGN , CONTRACT DESIGNS , COUPON , COUPONS , CREDIT CARD , CREDIT DEFAULT , CREDIT DEFAULT SWAPS , CREDIT ENHANCEMENTS , CREDIT QUALITY , CREDIT RATING , CREDIT RATING AGENCIES , CREDIT RATINGS , CREDITORS , CREDITWORTHINESS , CURRENCY , DEBT , DEBT INSTRUMENTS , DEBT OBLIGATION , DEBT OBLIGATIONS , DEBT OUTSTANDING , DEBT RATIOS , DEBT SECURITIES , DEBT SERVICE , DEFAULT PROBABILITIES , DEFAULT RATE , DEFAULT RATES , DEFAULT RISK , DEFAULTS , DEFICITS , DEPOSIT , DEPOSITORY INSTITUTIONS , DEPOSITS , DERIVATIVE , DERIVATIVE INSTRUMENTS , DERIVATIVE MARKET , DERIVATIVE MARKETS , DERIVATIVES , DEVELOPING COUNTRIES , DIVERSIFIED INVESTORS , DIVERSIFIED PORTFOLIOS , DUE DILIGENCE , ECONOMIC GROWTH , EMERGING ECONOMIES , EMERGING ECONOMY , EXCHANGE COMMISSION , EXPENDITURES , FEDERAL RESERVE , FINANCIAL CRISIS , FINANCIAL DEVELOPMENT , FINANCIAL DISTRESS , FINANCIAL INSTITUTIONS , FINANCIAL MARKET , FINANCIAL MARKETS , FINANCIAL RISK , FINANCIAL SERVICE PROVIDERS , FINANCIAL SYSTEM , FISCAL POLICIES , FLOATING RATES , FORECLOSURE , FORECLOSURES , FOREIGN CAPITAL , FOREIGN EXCHANGE , FRAUD , FUTURES , FUTURES MARKET , GOVERNMENT GUARANTEE , GOVERNMENT GUARANTEES , GOVERNMENT REGULATION , HEDGE FUND , HEDGE FUNDS , HOLDING , HOME LOAN , HOME MORTGAGE , HOME MORTGAGES , HOMEOWNERSHIP , ILLIQUID MARKETS , ILLIQUIDITY , INDIVIDUAL INVESTORS , INDIVIDUAL LOAN , INFLATION , INSTITUTIONAL INVESTORS , INSTRUMENT , INSURANCE , INTEREST RATE , INTEREST RATE RISK , INTEREST RATES , INTERNATIONAL BANK , INTERNATIONAL DEVELOPMENT , INTERNATIONAL SETTLEMENTS , INVENTORY , INVESTMENT ACTIVITIES , INVESTMENT BANK , INVESTMENT BANKS , INVESTMENT DECISIONS , INVESTMENT FUNDS , INVESTMENT POLICY , INVESTMENT PORTFOLIOS , INVESTMENT STRATEGIES , INVESTMENT STRATEGY , INVESTMENT VEHICLES , INVESTOR LOSSES , LEGAL PROHIBITIONS , LEGAL SYSTEM , LENDER , LENDERS , LIABILITY , LIEN , LINE OF CREDIT , LIQUIDATION , LIQUIDITY CRISES , LOAN , LOAN APPLICATION , LOAN APPLICATIONS , LOAN DEFAULT , LOAN DEFAULTS , LOAN DEMANDS , LOAN MARKETS , LOAN OFFICERS , LOAN PERFORMANCE , LOAN TERMS , LOAN VOLUMES , LOANABLE FUNDS , LOCAL BANK , LONG TERM CAPITAL , LONG-TERM CAPITAL , LONG-TERM DEBT , MARK TO MARKET , MARK TO MARKET ACCOUNTING , MARKET DEVELOPMENTS , MARKET DISCIPLINE , MARKET ECONOMY , MARKET FAILURES , MARKET LIQUIDITY , MARKET PARTICIPANTS , MARKET PRICES , MARKET STABILITY , MARKET TRADING , MARKET VALUE , MATURITY , MATURITY MISMATCH , MATURITY MISMATCHES , MONETARY AUTHORITY , MONETARY POLICIES , MONETARY POLICY , MORAL HAZARD , MORTGAGE , MORTGAGE BONDS , MORTGAGE FINANCE , MORTGAGE LOAN , MORTGAGE LOANS , MORTGAGE MARKET , MORTGAGE MARKETS , MORTGAGE-BACKED SECURITIES , MORTGAGES , NATURAL DISASTER , NATURAL DISASTERS , OUTSTANDING AMOUNT , OUTSTANDING LOANS , PENSION , PORTFOLIO , PORTFOLIOS , PRINCIPAL PAYMENTS , PROBABILITY OF DEFAULT , PROPERTY RIGHTS , PRUDENTIAL REGULATION , REAL ESTATE COLLATERAL , REAL ESTATE LOANS , REGULATORY FRAMEWORK , REGULATORY STRUCTURE , RETURN , RETURNS , RISK ASSESSMENTS , RISK MANAGEMENT , RISK OF DEFAULT , RISKY LOAN , RISKY LOANS , RISKY SECURITIES , SECURITIES , SECURITIES INDUSTRY , SETTLEMENT , SETTLEMENT SYSTEMS , SHORT-TERM BORROWINGS , STOCK BROKERS , STOCK MARKET , TAX , TRADING , TRANCHE , TRANCHES , TRANSACTION , TRANSACTION COSTS , TRANSITION ECONOMIES , TREASURY , TREASURY BONDS , UNDERLYING MORTGAGES , UNDERWRITERS , VARIABLE RATE },

year = {2008},

abstract = {United States},

booktitle = {Commission on Growth and Development Working Paper ; No. 28},

address = { World Bank, Washington, DC },

url = { http://slubdd.de/katalog?TN_libero_mab2 }