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STAGE OF THE ONGOING GLOBAL FINANCIAL CRISIS
Contents
Introduction
Origins of the current financial crisis
Distinctive stages of crisis
Plausible theoretical foundations
Transmission of Risks and Repercussions of the Credit Squeeze
Challenges for Banks
Regulatory and Monetary Policy Responses A Critical Evaluation
Concluding remarks general lessons from the crisis
Introduction
Introduction
WHAT IS GLOBAL FINANCIAL
Introduction
what is the wandering asset bubble
and this crisis has four distinctive stages
Introduction
1. it has lead to the housing bubble in the U.S that was increasingly inflated by indiscriminate mortgage loans to subprime and near prime[so called ALT-A mortgage borrowers.
Introduction
2. it has spread into other types of assets and affected not only mortgage companies and specialized investment banks, but also universal banks.
I…(생략)
3. it induced the global liquidity crisis accompanied by a massive pullout of liabilities form the most severely affected banks, i.e.Northern Rock and Bear Sterns, and triggered anxiety about possible contagion effects on global scale.
4. the collapse of structured investment products derived from the affected assets, mainly collateralized debt obligations(cdos),shifted the global liquidity into commodity futures causing some bubble effects in this area as well
5. the direction regulation which goes wrong
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wrong
Trust grade looking downward
of rating agencies
About evaluation agency disbelief occasion
About CDO trust danger underestimation
4. Risk management ability faithlessness of financial institution
About hedge fund the investment which is excessive,
the special purpose company (SPV) founding overissuing etc.
Transactions item of account book
competitive magnification
Dangerous asset administration and liquidity
maintenance, crisis capacity of management etc.
Internal risk management system faithlessness
4. Risk management ability faithlessness of financial institution
Equity capital tribal condition of the extreme
To transact business the dangerous property
which is excessive, retention.
Subprim loan situation - large scale loss occurrence
The trust blockade actual condition which
reduces a loan acceleration
In actual object economy huge blow
5. the direction regulation which goes wrong
About the structurization financial goods
of the director au
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STAGE OF THE ONGOING GLOBAL FINANCIAL CRISIS.ppt
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