Institutional Repository
Technical University of Crete
Technical University of Crete
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| URI: | http://purl.tuc.gr/dl/dias/722A67B1-C3C6-41AC-B13D-159AC9DDD2D5 | ||
| Year | 2022 | ||
| Type of Item | Diploma Work | ||
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| Bibliographic Citation | Emmanouil Lazakis, "Factors that influence the bond markets – Case study of the 2008 financial crisis ", Diploma Work, School of Production Engineering and Management, Technical University of Crete, Chania, Greece, 2022 https://doi.org/10.26233/heallink.tuc.94292 | ||
| Appears in Collections |
In this dissertation, the basic categories of bonds and their characteristics will be mentioned. The thesis will present the way the interest rate environment affects the bond yields as well as the effects of monetary policy in the financial markets. This paper will also explain in detail the origins of the financial crisis of 2008 and present the key role fixed income instruments such as mortgage backed securities and collateralized debt obligations had in the creation of the bubble in the 2000s. This dissertation also explains the importance of lending standards in the formation of the bubble as well as the role of the credit rating agencies in this historical event.It is not the purpose of this paper to provide information on the possible ways to avoid a similar crisis. This paper will simply present the basic characteristics of the fixed income markets and how the creation of ill fated fixed income securities led to the global financial crisis.
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