Abstract: Monoline downgrade headlines helped fuel the panic in global equities yesterday, and fears of downgrades are raising expectations of bank write-downs and more stress in muni markets. We outline what form a rapid policy response should take.

Brief Excerpt: Monoline Contagion Revisited: The Case for a Bail-Out (and Bail-In) Yesterday's panic in global equity markets was due in no small part to concerns about further downgrades of monoline insurers Banks' and brokers' counterparty exposure...

Report Type: Strategy Article
Source: CreditSights Inc
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 CreditSights
CreditSights is an independent research platform comprised of a team of analysts with both buy-side and sell-side experience in the U.S. and overseas. CreditSights' research focuses on global corporate and sovereign issuers, which have securities that are actively traded in the corporate bond, credit derivatives and/or equity-linked markets. Sector coverage is broad-based and includes telecom, technology, and media; autos and general industrials; utilities and energy; financial services; commodity cyclicals; retail and consumer products; and aerospace and defense. Emerging markets coverage includes the major Latin American, Asian and Eastern European countries. The focus of CreditSights research is to help investors make decisions by distilling and interpreting significant developments and specific events affecting individual companies, industries, or the securities markets as a whole.