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Financial Innovations and the Actual Crisis

Author

Listed:
  • Suciu Titus

    (Transilvania University Brasov Faculty of Economic Sciences and Business Administration)

Abstract

The paper presents the main financial innovations such as: floating-rate notes, adjustable-rate mortgages, financial derivatives, junk bonds, securitization, collateralized debt obligations (CDO). We consider that the CDO are the main responsible for the present financial crisis and this is the reason for which we devoted to them a more developed paragraph. We think that the solution regarding the banks’ non-performing assets is to take a bank with problems and splitting it in two: a ’’good’’ bank, where all performing assets should go and a ’’bad’’ bank, which should contain all the others. At conclusions the paper includes a paragraph advancing solutions suggested by the author to overcome the economic crisis in Romania.

Suggested Citation

  • Suciu Titus, 2012. "Financial Innovations and the Actual Crisis," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 530-535, Decembre.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:2:p:530-535
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    More about this item

    Keywords

    crisis; solutions; securitization; collateralized debt obligations;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises

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