The fall of the house of credit (EBook) what went wrong in banking and what can be done to repair the damage? / [Elektronisk resurs] :
Alistair Milne
- Cambridge, UK ; New York : Cambridge University Press, 2009
- 1 online resource (380 s.)
Includes index
1. Where did all the money go? An analysis of the causes and cure of the current global banking crisis -- 2. Build-up, meltdown and intervention -- 3. We have been here before, haven't we? -- 4. A basic funding tool -- the tranched mortgage-backed security -- 5. Using tranching to make short-term transaction profits -- 6. Borrowing short and lending long: the illusion of liquidity in structured credit -- 7. The levees break -- 8. The flood of losses -- 9. Central banks and money markets -- 10. The run on the world's banks -- Conclusions: repairing the house of credit.
Untangles the complex world of modern banking and examines solutions to the crisis.