We expose a historical and theoretical framework for the concepts of probability, risk and financial bubbles. Then, we focus on the subprime mortgage crisis in the United States and we provide: a comparison with similar past crises, an analysis of the causes and consequences, a review of the Basel Accords on banking capital regulations in the light of reform proposals. In appendix, a martingale model for bubbles in financial markets is finally provided.
La Crisi dei mutuisubprimee le sue implicazioni nella gestione e regolamentazione del rischio / Fiori, Alessandro. - (2011 Feb 28).
La Crisi dei mutuisubprimee le sue implicazioni nella gestione e regolamentazione del rischio
FIORI, Alessandro
2011-02-28
Abstract
We expose a historical and theoretical framework for the concepts of probability, risk and financial bubbles. Then, we focus on the subprime mortgage crisis in the United States and we provide: a comparison with similar past crises, an analysis of the causes and consequences, a review of the Basel Accords on banking capital regulations in the light of reform proposals. In appendix, a martingale model for bubbles in financial markets is finally provided.File in questo prodotto:
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