Philly Fed paper on ratings agency failures in subprime market

federal-reserve

A Philadelphia Federal Reserve paper published on Wednesday says the subprime crisis in 2007 was partly owed to failures by rating agencies that poorly assessed the risks in asset-backed securities.

Larry Cordell, Yilin Huang and Meredith Williams, the paper's authors, conduct an in-depth analysis of structured finance asset-backed securities and collateralised debt obligations to examine why these so-called subprime assets were susceptible to catastrophic losses during the global financial

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: