Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter1: An Overview Of Financial Management And The Financial Environment
Section: Chapter Questions
Problem 16MC: Briefly explain mortgage securitization and how it contributed to the global economic crisis.
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Question
Demonstrate how mortgage securitisation has contributed to the global economic crisis.
Expert Solution
Step 1
Securitisation refers to issuing the securities backed up with the assets given as collateral. Banks generally do this to create more business and to create money supply in the economy.
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