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Newsletter
Sovereign debt crises: it’s all Greek to me
Greek's current sovereign debt has reached crisis levels. Should the United States expect something similar? Probably not. Read the August 2010 Newsletter to learn why (or why not).
Journal Article
Flight to safety and U.S. Treasury securities
As in most crises, investors turned to Treasuries in droves over the past couple of years, even as yields declined.
Journal Article
A look at credit default swaps and their impact on the European debt crisis
Did you know that buying a credit default swap can be like buying insurance on your neighbor?s car?and then getting paid when that neighbor has an accident? Learn the ABCs of CDS, and find out why they are so important to any discussion of the European debt crisis.
Journal Article
Changes in the mortgage market since the crisis
It appears that mortgage origination and securitization is currently ?in limbo?: Private securitization has all but disappeared and is being absorbed by government- sponsored enterprises
Newsletter
Financial regulation: a primer on the Dodd-Frank Act
Last July, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 brought the most sweeping financial regulatory reform since the Great Depression. The May 2011 Liber8 newsletter outlines key provisions of the Act intended to prevent or lessen future financial crises and enhance consumer protection.
Journal Article
Introduction
Journal Article
Some closure on foreclosures?
Contrary to popular perception, the foreclosure process can be very costly for a lender?it remains a puzzle as to why such large numbers of mortgages in default enter into foreclosure in the first place.
Periodic Essay
The Demographics of Wealth - How Age, Education and Race Separate Thrivers from Strugglers in Today's Economy. Essay No. 1: Race, Ethnicity and Wealth
This first essay in the "Demographics of Wealth" series examines the connection between race or ethnicity and wealth accumulation over the past quarter-century. As with subsequent essays, this one is the result of an analysis of data collected between 1989 and 2013 through the Federal Reserve's Survey of Consumer Finances. More than 40,000 heads of households were interviewed over those years.
Journal Article
Mortgage borrowing: the boom and bust
Also titled as "Mortgage Boom and Bust Affected Different Age Groups Differently" in PDF format.
Journal Article
Is shadow banking really banking?
To those who don't know, the term "shadow banking" probably has a negative connotation. This primer draws parallels between what has been termed the shadow banking sector and the traditional banking sector?showing that they are similar in many ways.