1. The Market for Subprime Lending: a Law and Economics Analysis of Market Failures and Policy Responses. 2. Legal and Economic Approach to Tying and Other Potentially Unfair and Anticompetitive Commercial Practices: Focus on Financial Services. 3. Shaping Reforms and Business Models for OTC Derivatives Markets: Quo Vadis? - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook 1. The Market for Subprime Lending: a Law and Economics Analysis of Market Failures and Policy Responses. 2. Legal and Economic Approach to Tying and Other Potentially Unfair and Anticompetitive Commercial Practices: Focus on Financial Services. 3. Shaping Reforms and Business Models for OTC Derivatives Markets: Quo Vadis? write by . This book was released on 2002. 1. The Market for Subprime Lending: a Law and Economics Analysis of Market Failures and Policy Responses. 2. Legal and Economic Approach to Tying and Other Potentially Unfair and Anticompetitive Commercial Practices: Focus on Financial Services. 3. Shaping Reforms and Business Models for OTC Derivatives Markets: Quo Vadis? available in PDF, EPUB and Kindle. 1. The supreme mortgages market. Main determinants of the borrower's choice to get in a subprime mortgage. The incentive structure of intermediaries: moral hazard and adverse selection. Some responses: how does the policy-maker shape the subprime market. 2. The competition policy dimension of tying and other potentially unfair commercial practices. Tackling tying and other potentially unfair commercial practices in consumer policy. Measuring the impact of tying and other potentially unfair practices in the retail financial services sector: a multi-stage test. 3. Setting the scene. Size and shape of the OTC derivatives market. Legal and economic views of growth and concentration. The nature of OTC derivatives transactions. Shedding lights on the OTC derivatives chain value: a costbenefit analysis. OTC derivatives markets and the financial crisis. Legislative actions in EU and US. Perspectives for over-the-counter derivatives market: four scenarios.
Risk in the Global Real Estate Market
Risk in the Global Real Estate Market - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Risk in the Global Real Estate Market write by Mike C. I. Nwogugu. This book was released on 2012-01-26. Risk in the Global Real Estate Market available in PDF, EPUB and Kindle. Essential reading for professional investors, risk managers, regulators, central bankers, and real estate professionals, Risk in the Global Real Estate Market: International Risk Regulation, Mechanism Design, Foreclosures, Title Systems, and REITs takes an international look at the ways in which U.S.-style constitutional laws, financial laws, and real estate laws in various countries affect global economics and risk; and analyzes specific constraints that deter market development such as Asset Liability Matching, inappropriate financial products, land title systems, inefficient constitutions and human biases. The sub-prime mortgage crisis (that began around 2006) and the Global Financial Crisis of 2007–2010 disrupted the economies of various countries and exposed many of the psychological, social, and economic problems inherent in the legal/risk infrastructure for mortgages, land title systems, REITs, securitization, and pensions. In this remarkable new book, Michael Nwogugu explains how these processes and statutes are unconstitutional and inefficient, and how they influence demand for housing, real estate prices, retirement savings, household wealth, consumer disposable income, marriage opportunities, job markets, crime, and regional economic growth. The resulting major economic and public health problems have continued to reduce the quality-of-life of nations, and continue to cause permanent declines in wealth, increases in crime and delinquency, high divorce rates, depression, and inadequate job creation, among other problems. The book examines a range of fields—including mechanism design, psychology, risk finance, and corporate governance; and emphasizes Constitutional economics as a distinct dimension of risk analysis. Risk in the Global Real Estate Market makes a compelling case about how constitutional torts increase information asymmetry, transaction costs, agency problems, and compliance costs, as well as inefficiency in real estate transactions. These problems, the book argues, are not unique to the United States, but also affect Commonwealth countries and other nations that have developed regulations that are similar to, or are based on U.S. commercial, securities, and or constitutional laws. Risk in the Global Real Estate Market presents a novel analysis of the sub-prime crisis (that first began in 2006), the failure of securitization (CMBS/MBS) markets, the Global Financial Crisis, and socio-economic problems caused by traditional mortgages and securitization. The book reveals that many of the statutes and processes that define mortgages, foreclosures, securitization, and REITs in the United States (and many common-law countries and nations that have adopted American-style real estate regulations) are fundamentally unconstitutional and inefficient, and have lasting negative effects on consumer psychology, the demand for real estate, price discovery in property markets, economic growth, and quality of life. The book examines the nature of constitutional torts and property rights as the foundation for business transactions and economic growth within the context of risk regulation, interstate commerce, takings, and legislation. Risk in the Global Real Estate Market introduces new theories of consumer psychology and institutional dynamics in real estate transactions; presents new theories of takings, and also surveys psychology/psychiatry studies (based on data from various countries) that confirm the harmful effects of mortgages, securitization, and foreclosures. Using elements of mechanism design, Michael Nwogugu develops new efficient financial products (Mortgage-Alternatives products), and presents a policy framework for a unified “Mortgage-Alternatives” market for the CEE/CIS region and China. He also explains why Asset Liability Matching hinders lending, capital formation and risk management, especially in developing countries.
The Stiglitz Report
The Stiglitz Report - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Stiglitz Report write by Joseph E. Stiglitz. This book was released on 2010. The Stiglitz Report available in PDF, EPUB and Kindle. The fact that the global economy is broken may be widely accepted, but what precisely needs to be fixed has become the subject of enormous controversy. In 2008, the President of the United Nations General Assembly convened an international panel, chaired by Nobel Prize-winning economist Joseph Stiglitz and including 20 leading experts on the international monetary system, to address this crucial issue. This report controversially establishes a bold agenda for policy change, both broad in scope and profound in its ambitions.
Global Corruption Report: Climate Change
Global Corruption Report: Climate Change - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Global Corruption Report: Climate Change write by Transparency International. This book was released on 2013-11-26. Global Corruption Report: Climate Change available in PDF, EPUB and Kindle. The global response to climate change will demand unprecedented international cooperation, deep economic transformation and resource transfers at a significant scale. Corruption threatens to jeopardise these efforts. Transparency International's Global Corruption Report: Climate Change is the first publication to comprehensively explore such corruption risks. More than fifty leading experts and practitioners contribute, covering four key areas: governance: investigating major governance challenges towards tackling climate change mitigating climate change: reducing greenhouse gas emissions with transparency and accountability adapting to climate change: identifying corruption risks in climate-proofing development, financing and implementation of adaptation forestry governance: responding to the corruption challenges plaguing the forestry sector, and how these challenges need to be integrated into current international strategies to halt deforestation and promote reforestation. The Global Corruption Report: Climate Change provides essential policy analysis to help policy-makers, practitioners and other stakeholders understand these risks and develop effective responses at a critical point in time when the main architecture for climate governance is being developed.
Global Financial Development Report 2013
Global Financial Development Report 2013 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Global Financial Development Report 2013 write by World Bank. This book was released on 2012-09-01. Global Financial Development Report 2013 available in PDF, EPUB and Kindle. This new annual publication from the World Bank Group provides an overview and assessment of financial sector development around the world, with particular attention on medium- and low-income countries.
