Credit Crisis

(Khan Academy)

Videos on the causes and effects of the credit crisis/crunch.

 

Lecture 1 – Why Housing Prices Climbed So Quickly

Why did housing prices go up so much from 2000-2006 even though classical supply/demand would not have called for it.

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Lecture 2 – The Effect Of Lower Lending Standards

How lower lending standards led to housing price inflation.

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Lecture 3 – The Cause of Lower Lending Standards

Why did lending standards become more and more lax from 2000 to 2006?

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Lecture 4 – Virtuous Cycle of Housing Price Appreciation

The virtuous circle of housing price appreciation making defaults go down making lending lax making housing appreciate even more.

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Lecture 5 – Introduction to Mortgage-Backed Securities

Part I of the introduction to mortgage-backed securities

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Lecture 6 – Mortgage-Backed Securities Part 2

Part II of the introduction to mortgage-backed securities.

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Lecture 7 – Mortgage-Backed Securities Part 3

More on Mortgage-Backed Securities.

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Lecture 8 – Collateralized Debt Obligation

Introduction to collateralized debt obligations (to be listen to after series on mortgage-backed securities.

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Lecture 9 – Bailout 13: Does the Bailout has a Chance Of Working

Can the bailout work?

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Lecture 10 – Credit Default Swaps 1

Introduction to credit default swaps.

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Lecture 11 – Credit Default Swaps 2

Systemic risks of credit default swaps. Financial weapons of mass destruction.

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Lecture 12 – Wealth Destruction 1

How bubbles destroy wealth.

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Lecture 13 – Wealth Destruction 2

How bubbles destroy wealth.

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