미국발 경제위기의 원인과 해결방안 그리고 해결방안이 경제에 미칠 영향

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목차

1.원인 [ Developments ]

2. 해결방안[ Recommendations and Operation ]

3. 참고문헌 [ References ]

본문내용

[ Developments ]
There are three developments that increased risks in the financial markets.

The first development was the excessive securitization that is originators weren`t holding the mortgages and they are distribute the new financial products which are based on mortgages such as MBS(Mortgage Backed Securities). However, there is a problem that the asset with low credit rating such as the sub-prime mortgage can earn high yield while it has high risks. Therefore, in order to disperse and relieve the risk, the MBS is sliced and diced according to the risk than these are repackaged. This new product is CDO(Collateralized Debt Obligations).
The commercial bank which specializes in originate and hold must manage the risk carefully because asset value is reflected in the accounts, while the originate-to-distribute model of Investment Bank don`t because borrower`s credit isn`t primary considerations once they negotiate securities.
In conclusion, It was possible that considerably higher yield and diversification of risks, but when confidence collapsed, we could not know where the debt was, how much it was, and what will happen in further market.

참고 자료

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