Financial collapses--whether of the junk bond market, the Internet bubble, or the highly leveraged housing market--are often explained as the inevitable results of market cycles: What goes up must come down. In Liquidated, Karen Ho punctures the aura of the abstract, all-powerfu…
This book explains the nuts and bolts of affordable housing development. Divided into two complementary sections, the book first provides an overview of the effectiveness of existing federal and state housing programs in the United States, such as the LIHTC and TIF programs. In …
The emergence of mobile money and other new forms of payment has changed the sovereign foundations of money. Starting as a Department for International Development funded project in Kenya, mobile money has now spread to many developing countries. This book looks at the regulator…
This volume of Eurasian Studies in Business and Economics includes selected papers from the 22nd Eurasia Business and Economics Society (EBES) Conference in Rome. It gathers scholarly contributions on the latest applied economics research from developing countries such as Croati…
About 2.5 billion adults, just over half the world’s adult population, lack bank accounts. If we are to realize the goal of extending banking and other financial services to this vast “unbanked” population, we need to consider not only such product innovations as microfinance a…
Given the manifold challenges of financial sectors in developing and transition countries, one might be tempted to believe that embarking on “green” finance is not a priority for financial systems development. However, there are a number of arguments against this view. Environ…
Securitisations of insurance risk as new methods of risk transfer have been emerging in the global financial market during the recent twenty years. Christoph Weber analyses the techniques of traditional methods in comparison with securitisations for life- and non-life insurance …
The financial market melt-down of the years 2007-2009 has posed great challenges for studies on financial economics. This financial economics text focuses on the dynamic interaction of financial markets and economic activity. The financial market to be studied here encompasses t…
Is structured finance dead? Many have asked this question after the financial crisis. Or is structured finance "evil" and therefore should it be dead? This book suggests neither nor. Even if structured finance can be misused or applied under inappropriate conditions, it can also…
