The U.S. Financial System in 2011: How Will Sufficient Credit Be Provided? (Paperback) (ISBN-13: 9781505375749)

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.

Author: Office of the Comptroller of the Currenc
ISBN-10: 1505375746
ISBN-13: 9781505375749
Publisher: Createspace Independent Publishing Platform
Language: English
Published: 01/01/2015
Pages: 56
Format: Paperback
Weight: 0.34lbs
Size: 11.02h x 8.50w x 0.12d