Monday, September 22, 2008

The Credit Crunch of 2007: What went wrong? Why? What lessons can be learned?

By John C. Hull of the University of Toronto

Abstract: This paper explains the products that were used to securitize mortgages during the period leading up to the credit crunch of 2007 and explains why many of these products have performed so badly. It also examines some of the lessons that can be learned from the crisis.

Download paper (390K PDF) 15 pages

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