Credit crisis

Mortgage Markets and the Credit Crisis: What Went Wrong

Book: Financial Markets and Institutions, 11th Edition Author: Jeff Madura Publisher: Cengage Learning, 2015 ISBN: 978-1-133-94788-2

Chapter 9 is the one where everything comes together. Madura covers how mortgage markets work, the different types of mortgages, how they get packaged into securities, and how the whole system collapsed in 2008. If you want to understand the credit crisis, this is the chapter to read.

The Role of Financial Markets and Institutions Explained

Book: Financial Markets and Institutions, 11th Edition Author: Jeff Madura Publisher: Cengage Learning, 2015 ISBN: 978-1-133-94788-2

This is Part 1 of a chapter-by-chapter review of Financial Markets and Institutions by Jeff Madura. Chapter 1 sets the stage for the entire book by explaining what financial markets are, what gets traded in them, and why financial institutions exist.