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Development of Structured Financial Products during the Crisis
Název práce v češtině: Vývoj strukturovaných finančních produktů během krize
Název v anglickém jazyce: Development of Structured Financial Products during the Crisis
Klíčová slova: Structured products, ABS, MBS, CDO, Financial Crisis
Klíčová slova anglicky: Structured products, ABS, MBS, CDO, Financial Crisis
Akademický rok vypsání: 2011/2012
Typ práce: bakalářská práce
Jazyk práce: angličtina
Ústav: Institut ekonomických studií (23-IES)
Vedoucí / školitel: PhDr. Mgr. Milan Rippel
Řešitel: skrytý - zadáno vedoucím/školitelem
Datum přihlášení: 06.06.2012
Datum zadání: 06.06.2012
Datum a čas obhajoby: 09.09.2013 00:00
Místo konání obhajoby: IES
Datum odevzdání elektronické podoby:16.05.2013
Datum proběhlé obhajoby: 09.09.2013
Oponenti: Mgr. Adrian Lupusor, BA, M.A.
 
 
 
Kontrola URKUND:
Seznam odborné literatury
(1) Bateson, R. D. (2011). Financial Derivative Investment: Introduction to Structured Products. Imperial College Press.
(2) Gatti, S. C. (2010). Structured Finance. Springer-Verlag Berlin and Heidelberg GmbH & Co. KG.
(3) Choudry, M. (2010). Structured Credit Products. John Wiley and Sons Ltd.
(4) Raines, A. R. (2010). The Elements of Structured Finance. Oxford University Press Inc.


Předběžná náplň práce
Broadly defined, a structured security is a security derived from, or based on a single security or financial derivative, a basket of securities or financial derivatives, an index a commodity or a foreign currency. Structured products play crucial role on financial markets and attract enormous amounts of money. Initially they were conceived as a new method of issuing debt more cheaply. Since the 1980s structured finance has become a major sector in the financial industry.

In this work I would like to analyze development of structured products over the past decade and their role in the recent crisis. First of all I will give the theoretical background and origins of most structured financial products. This section will be followed by use of these products and a discussion of impacts of different conditions over the past decade. After a decription of this development I will focus on the development and the role of these instruments in financial crises 2007 - 2009. I will analyze a new available data of Securities Industry and Financial Markets Association (SIFMA). SIFMA combines data from the third parties, such as Bloomberg, Thomson Reuters, Moodys, S&P and others to get the comprehensive data. I will also analyze a proportion of these instruments on accounts of the world leading banks and their development. Finally I will summarize recent developments and suggest some future implications and different scenarios.


At this early stage of my research, there are several questions, which could be potentially answered in the thesis.
(1) Did the crisis lead to diminishing of any structured financial product?
(2) Has the recent crisis changed the volumes of structured finace issued?
(3) Did the structured finance contributed to credit crash and financial crisis of 2007 - 2009?
(4) Has the recent crisis changed the structure of banks portfolio and proportion of structured financial products?
(5) Has the crisis resulted in creation of a new type of structured financial products?

Methodology:
Quantitative analysis of a new data available, before/during the crisis focused on structured financial products, examination of present and past research, discussion of the existing evidence.

Outline:
- Introduction
- Theoretical Background - basic concepts and historical development
- Quatitative analysis - EU/US
- Conclusion

Bibliography:
1. Bateson, R. D. (2011): \Financial Derivative Investment: Introduction to Structured
Products." Imperial College Press
2. Caselli, S. & S. Gatti (2010): \Structured Finance." Springer-Verlag Berlin and
Heidelberg
3. Choudry, M.(2010): \Structured Credit Products." John Wiley and Sons Ltd
4. Rutlenge, A. & S. Raines(2010): \The Elements of Structured Finance." Oxford
University Press
Předběžná náplň práce v anglickém jazyce
Broadly defined, a structured security is a security derived from, or based on a single security or financial derivative, a basket of securities or financial derivatives, an index a commodity or a foreign currency. Structured products play crucial role on financial markets and attract enormous amounts of money. Initially they were conceived as a new method of issuing debt more cheaply. Since the 1980s structured finance has become a major sector in the financial industry.

In this work I would like to analyze development of structured products over the past decade and their role in the recent crisis. First of all I will give the theoretical background and origins of most structured financial products. This section will be followed by use of these products and a discussion of impacts of different conditions over the past decade. After a decription of this development I will focus on the development and the role of these instruments in financial crises 2007 - 2009. I will analyze a new available data of Securities Industry and Financial Markets Association (SIFMA). SIFMA combines data from the third parties, such as Bloomberg, Thomson Reuters, Moodys, S&P and others to get the comprehensive data. I will also analyze a proportion of these instruments on accounts of the world leading banks and their development. Finally I will summarize recent developments and suggest some future implications and different scenarios.


At this early stage of my research, there are several questions, which could be potentially answered in the thesis.
(1) Did the crisis lead to diminishing of any structured financial product?
(2) Has the recent crisis changed the volumes of structured finace issued?
(3) Did the structured finance contributed to credit crash and financial crisis of 2007 - 2009?
(4) Has the recent crisis changed the structure of banks portfolio and proportion of structured financial products?
(5) Has the crisis resulted in creation of a new type of structured financial products?

Methodology:
Quantitative analysis of a new data available, before/during the crisis focused on structured financial products, examination of present and past research, discussion of the existing evidence.

Outline:
- Introduction
- Theoretical Background - basic concepts and historical development
- Quatitative analysis - EU/US
- Conclusion

Bibliography:
1. Bateson, R. D. (2011): \Financial Derivative Investment: Introduction to Structured
Products." Imperial College Press
2. Caselli, S. & S. Gatti (2010): \Structured Finance." Springer-Verlag Berlin and
Heidelberg
3. Choudry, M.(2010): \Structured Credit Products." John Wiley and Sons Ltd
4. Rutlenge, A. & S. Raines(2010): \The Elements of Structured Finance." Oxford
University Press
 
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