The credit default swap (CDS) is implicated in the global financial crises because a vast
market for securities collateralized by subprime mortgages and consumer debt could not …

The financial meltdown that began in 2007 revealed problems with the financial guarantee
insurers and regulation of these insurers. Financial guarantee insurers, with business …

Janet Tavakoli takes you into the world of Warren Buffett by way of the recent mortgage
meltdown. In correspondence and discussion with him over 2 years, they both saw the …

This study argues that opposing opinions on the net benefits of financial innovation can to
an important degree be explained by assessing carefully the implications of the so-called …

Correctly characterizing credit risk is the most important step in structured finance. In
particular, detecting fraud in granular portfolio assets leads to market outperformance for …