Tag: Regulation
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The Resurgence of Securitization and CDS
[Posted by Umakanth Varottil] The concepts of securitization and credit default swaps (CDS) have acquired a negative connotation over the last couple of years since they were said to have triggered the global financial crisis during the second half of 2007. More, importantly, the assets involved were sub-prime loans that underwent a process of disintermediation…
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Financial Crisis, Economics and Regulation
[Posted by Umakanth Varottil] There is a recent assortment of interesting columns regarding the financial crisis, the role that regulation (or the lack thereof) has played in the exacerbation of the crisis, and the various economic instruments utilized by policy makers to rein in the crisis. The following is a list of these readings: 1.…