This article analyzes the role in the credit crisis of the processes by which market
participants produce knowledge about financial instruments. Employing documentary …

Over the last two years, the United States has observed, with some horror, the explosion and
collapse of entire segments of the housing market, especially those driven by subprime and …

This Article explains the historic US housing bubble. From 1997 to 2006, nominal US
housing prices rose 188%.'By mid-2009, however, housing prices had fallen by 33% from …

Since publication of Hetzel's The Monetary Policy of the Federal Reserve (Cambridge
University Press, 2008), the intellectual consensus that had characterized macroeconomics …

Watch a Video Watch a video Download the cheat sheet for Roger Lowenstein's The End of
Wall Street» The roots of the mortgage bubble and the story of the Wall Street collapse-and …

The mortgage meltdown: what went wrong and how do we fix it? Owning a home can
bestow a sense of security and independence. But today, in a cruel twist, many Americans …

This article, the second of two articles on the Gaussian copula family of models, discusses
the attitude of 'quants'(modellers) to these models, showing that contrary to some accounts …

The definitive account of the housing bubble that caused the Great Recession—and earned
Wall Street fantastic profits. The American housing bubble of the 2000s caused the worst …

En février 2009, au moment où ce texte est rédigé, un premier chapitre de la crise financière
dite des subprimes vient de se clore. On y a vu l'éclatement d'une bulle spéculative, au …

This paper presents a predominantly oral-history account of the development of the
Gaussian copula family of models, which are used in finance to estimate the probability …