The U.S. Financial System in 2011: How Will Sufficient Credit Be Provided? - Softcover

Office Of The Comptroller Of The Currency

Softcover

ISBN 10: 1505375746 ISBN 13: 9781505375749

Publisher: CreateSpace Independent Publishing Platform, 2015

Synopsis

This paper uses Flow of Funds data on the level of net new credit extension to construct a bird’s-eye view of what the financial market landscape might look like once the turmoil subsides and the economy has begun to recover. The paper targets two related questions: (1) How much credit must be extended in order to return the economy to its long-run trend growth? (2) What roles will the major credit providers likely play in that process? The mix of sources supplying credit for the home mortgage, consumer, and nonfinancial business sector markets is different, and so we consider each of those markets separately. We focus on the roles of banks, traditional nonbank credit providers (such as finance companies and pension funds), the corporate bond and commercial paper markets, and structured finance, including government-sponsored enterprise (GSE) mortgage-backed securities (MBS) issuance, consumer (i.e., nonmortgage) asset-backed securities (ABS) issuance, and the commercial mortgage-backed securities (CMBS) market.

Edition details

• Publisher: CreateSpace Independent Publishing Platform
• Publication date: 2015
• Language: English
• ISBN 10: 1505375746
• ISBN 13: 9781505375749
• Binding: Paperback
• Number of pages: 54