Viewpoint: Roger Bootle How to Rescue the World Economy from Disaster One of the City of London’s most respected economists, Roger Bootle now runs his own consultancy, Capital Economics, which specializes in macroeconomics and the economics of the property market. He is also Economic Adviser to Deloitte & Touche, and a Specialist Adviser to the House of Commons Treasury Committee. He was formerly Group Chief Economist of the HSBC Group and, before the change of government, he was a member of the former...
Securitization: Understanding the Risks and Rewards by Tarun Sabarwal In broad terms, securitization can be viewed as pooling receivables and selling claims to these receivables in capital markets. For example, a mortgage lender may pool together thousands of mortgages and sell claims on mortgage receivables to investors. Historically, the first securitizations in the 1970s in the United States were those of pools of mortgages. With the success of mortgage-backed securities, other groups of receivables were...
Investing in Structured Finance Products in the Debt Money Markets by Moorad Choudhry The application of synthetic securitization and structured finance techniques in debt capital markets has made a range of asset classes available to investors who would not otherwise have access to them. Thus banks, fund managers, and cash-rich corporate institutions can choose from a wide variety of investment options for their funds. This article introduces a sample of money market products that present alternatives for the investment of...