Work detail

Development of Structured Financial Products during the Crisis

Author: Bc. Martin Bratršovský
Year: 2013 - summer
Leaders:
Consultants:
Work type: Bachelors
Language: English
Pages: 54
Awards and prizes:
Link: https://is.cuni.cz/webapps/zzp/detail/125028/
Abstract: Structured nance has already attracted trillions of dollars and despite signi
cant losses continues to attract more investment in increasingly complex
structures. In this thesis, I use new data available to analyze the development
of structured products in three main categories: ABS, CDO and MBS. The
thesis is focused on the rapid development of structured nance in the years
leading up to the credit crunch, the extent of its role in the crisis, and how
credit-rating agencies and regulatory bodies are involved in the feasibility and
future potential of the main products. As data clearly showed, the recent crisis
heavily hit the US non-agency MBS securitization (especially the RMBS and
the CMBS market) and the global CDO market as well, mainly due to the
subprime collateral.

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