United States : Selected Issues

This paper discusses how financial innovation turned U.S. mortgages into an asset class with worldwide investor appeal. It suggests that U.S. financial markets have been skilful in developing tools that have helped households exploit favorable global financing conditions to boost home ownership and acquire housing wealth. It reviews trends in labor supply and demand, electricity sector challenges, oil price developments, and the performance of the U.S. economy. It analyzes U.S. banking developments, with focus on large complex banking groups (LCBGs), and describes the structural change and competition among auto manufacturers and airlines.
Publication date: July 2006
ISBN: 9781451839654
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Real Estate-Mortgages , securities , securitization , mbs , bonds , debt securities

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