The Subprime Turmoil: What's Old, What's New, and What's Next

By C. Calomiris. The Journal of Structured Finance, 2009

289 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/b7c9e408aafdc6023995df8762f0bf831a057fb6

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Citations in the corpus

Financial Crises: Explanations, Types, and Implications (2013, unknown): “Much has been written about the causes of the recent crisis (see Calomiris (2009), Gorton (2009), Claessens et al.”
What Happens During Recessions, Crunches, and Busts? (2008, background): “Also, more importantly, there are drawbacks to Case-Shiller type data as they cover a smaller set of housing wealth while giving larger weight to distressed sales such as subprime sales, and to jumbo sales in a narrow set of states (see Calomiris, 2008).”
Bank Risk-Taking, Securitization, Supervision and Low Interest Rates: Evidence from the Euro Area and the U.S. Lending Standards (2010, unknown): “A low level of short-term interest rates indeed has historically preceded many financial crises (Calomiris, 2008).”
A Fistful of Dollars: Lobbying and the Financial Crisis (2009, unknown): “For example, rating agencies and sponsors severely underestimated the probability of default and loss given default when assigning ratings to mortgage- backed securities (Calomiris 2009).”
The Crisis: Basic Mechanisms and Appropriate Policies (2008, background): “3 On the relation between property values, mortgages and foreclosures, see Foote et al. (2008). 4 For an analysis of credit booms and busts over a large number of countries, see Claessens et al. (2008). 5 A point that Calomiris (2008) has called “plausible deniability” (that prices would ever go dow”
Financial Innovation, Regulation, and Reform (2009, background): “In the context of recent times, that meant making risky subprime loans (Calomiris 2008a; Calomiris and Wallison 2008).”
The interaction of entrepreneurship and institutions (2010, unknown): “Destructive evasive entrepreneurship in the sub-prime security market contributed to the 2008 financial crisis as implicit government guarantees were exploited by assuming excessive risk (Calomiris, 2009a, 2009b).”
On the International Transmission of Shocks : Micro-Evidence from Mutual Fund Portfolios (2012, unknown): “…managers that 1 See Allen and Gale (2000, 2007), Chang and Velasco (2001), Cifuentes et al. (2005), Diamond and Rajan (2005), Rajan (2005), Calomiris (2008), Broner et al. (2010, 2011), Forbes and Warnock (2010), Milesi-Ferretti and Tille (2010), and Gourinchas and Obstfeld (2011), among…”
Financial crisis and bank executive incentive compensation (2014, background): “Bhagat), bbolton@pdx.edu (B. Bolton). nd Rajan (2009) and Calomiris (2009). ll rights reserved.”