The following content has been added at finexpert:
Studies > M & A
Roland Berger
POST MERGER INTEGRATION UNDERSCORES THE SUCCESS OF MERGERS
Roland Berger on the success drivers of M&A. >more
Studies > Alternative Investments
Ernst & Young
ASIA PACIFIC PRIVATE EQUITY OUTLOOK
Private equity activity to continue expanding. >more
Studies > Risk Management
Ernst & Young
TIME TO MOBILISE PILLAR III AND IFRS 4
An overview of the key issues under Pillar III of Solvency II (Insurance Industry). >more
Studies > Performance
Roland Berger
WIND TURBINE MANUFACTURING – A CASE FOR CONSOLIDATION
Challenges and trends that will drive the wind energy industry. >more
Publications > Risk Management
The Housing Bubble
Adam J. Levitin and Susan M. Wachter
University of Pennsylvania Institute for Law & Economics Research Paper No. 10-15
This Article posits a new explanation for the housing bubble. First it demonstrates that the bubble was a supply-side phenomenon, attributable to an excess of mispriced mortgage finance: mortgage finance spreads declined and volume increased, even as risk increased, a confluence attributable only to an oversupply of mortgage finance. Second, it explains the mortgage finance supply glut as resulting from markets failing to price risk correctly due to the complexity, opacity, and heterogeneity of the unregulated private-label mortgagebacked securities (PLS) that began to dominate the market in 2004. (June 21, 2011) >more
