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@inproceedings{6056,
author = {Bock, Michal and Tichý, Jaromír},
address = {Hradec Králové},
booktitle = {Sborník konference: Interdisciplinární mezinárodní vědecká konference doktorandů a odborných asistentů QUARE 2016},
editor = {MAGNANIMITAS, Hradec Králové},
keywords = {structured products; role; interconnectedness of capital markets; CDO; VaR},
howpublished = {elektronická verze "online"},
language = {eng},
location = {Hradec Králové},
isbn = {978-80-87952-15-3},
note = {Dedikováno k SVV VŠFS PRAHA NO 7427 "PREDIKČNÍ SCHOPNOST BANKROTNÍCH MODELŮ V PODMÍNKÁCH ČESKÝCH FIREM"},
pages = {312-318},
publisher = {MAGNANIMITAS, Hradec Králové},
title = {FAILURE OF THE CONTROL MECHANISMS IN US BANKS DURING THE CRISIS AND SPREAD OF THE FINANCIAL CRISIS INTO THE WORLD THROUGHT STRUCTURED PRODUCTS},
year = {2016}
}
TY - JOUR
ID - 6056
AU - Bock, Michal - Tichý, Jaromír
PY - 2016
TI - FAILURE OF THE CONTROL MECHANISMS IN US BANKS DURING THE CRISIS AND SPREAD OF THE FINANCIAL CRISIS INTO THE WORLD THROUGHT STRUCTURED PRODUCTS
PB - MAGNANIMITAS, Hradec Králové
CY - Hradec Králové
SN - 9788087952153
N1 - Dedikováno k SVV VŠFS PRAHA NO 7427 "PREDIKČNÍ SCHOPNOST BANKROTNÍCH MODELŮ V PODMÍNKÁCH ČESKÝCH FIREM"
KW - structured products
KW - role
KW - interconnectedness of capital markets
KW - CDO
KW - VaR
N2 - This paper deals with the role of structured products in the development of the international financial crisis since 2008. The aim of this paper is to explain the role of structured products, particularly CDOs (Collateralized Debt Obligation) and its modifications to the rise of the international financial crisis since 2008. In that year, a large investment group Lehman Brothers went bankrupt, which rocked the global capital markets, and subsequently a negative sentiment about the quality of loan portfolios was extended, especially of mortgage banks in the US, which by means called moral hazard, increased the value of mortgage loans. The capital guarantee of the largest mortgage banks and insufficient control of federal authorities resulted in the uncontrolled growth of unsecured mortgages and growth of CDO emissions that were linked to these loans. As a consequence of this state assistance was provided, which supplied the necessary liquidity to the banks through conservation programs
ER -
BOCK, Michal a Jaromír TICHÝ. FAILURE OF THE CONTROL MECHANISMS IN US BANKS DURING THE CRISIS AND SPREAD OF THE FINANCIAL CRISIS INTO THE WORLD THROUGHT STRUCTURED PRODUCTS. Online. In MAGNANIMITAS, Hradec Králové. \textit{Sborník konference: Interdisciplinární mezinárodní vědecká konference doktorandů a odborných asistentů QUARE 2016}. Hradec Králové: MAGNANIMITAS, Hradec Králové, 2016. s.~312-318, 715 s. ISBN~978-80-87952-15-3. [citováno 2024-04-23]
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